European Markets Respond to US Tariff Announcements

Major European stock indexes showcased a remarkable performance during premarket hours on Thursday, with Germany's DAX soaring over 5%. This surge in investor optimism followed United States President Donald Trump's decision to delay the implementation of reciprocal tariffs for countries that have not retaliated, giving them a three-month reprieve.

Impact on Key European Indexes

The DAX surged 5.56%, leading the charge, while the FTSE 100 climbed by 4.98% at 8:00 am CET. Not far behind, the CAC 40 rose by 3.84%, and the Euro Stoxx 50 jumped an impressive 7.71%.

Currency Movements

In currency markets, the euro traded 0.32% higher against the dollar, reaching $1.09864 at 7:58 am CET. Similarly, the pound gained 0.31% against the greenback, trading at $1.28597.