European Markets Surge on Trade Tensions Ease

European markets experienced a significant upturn this Thursday, buoyed by the easing of trade tensions. This positive shift came after US President Donald Trump announced a three-month delay in the implementation of new tariffs for certain countries, mirroring Wall Street's robust rally the previous day.

Leaders across Europe have responded positively to this development. European Commission President Ursula von der Leyen expressed her approval of the temporary suspension. Meanwhile, in Vietnam, Spain's Prime Minister Pedro Sanchez viewed the pause as an opportunity to reopen dialogues, emphasizing the futility of tariff conflicts.

Market Performance Highlights

By 9 am CET, the DAX had jumped by an impressive 8.37%, with the EURO STOXX 50 not far behind at an 8.78% increase. The CAC 40 and FTSE 100 also saw gains of 2.27% and 5.96%, respectively.

Currency markets reacted favorably as well, with the euro appreciating by 0.27% against the US dollar, reaching $1.09815. Similarly, the pound strengthened by 0.38% to $1.28688.

Stay tuned for further updates on this developing story.