European Markets Experience Significant Uptick

European markets witnessed a remarkable surge on Thursday, buoyed by indications of easing trade tensions. This positive shift came after US President Donald Trump announced a three-month delay in the introduction of new tariffs for certain countries.

Wall Street's Influence and European Leaders' Responses

The move mirrored Wall Street's sharp rally on Wednesday, where major US indexes closed with strong gains following the announcement. European leaders were quick to react, welcoming the temporary suspension and describing the pause as an opportunity to resume dialogue.

Market Highlights

At 9:00 am CET, the DAX surged 8.37% with Infineon Tech AG spiking 21.24%. The EURO STOXX 50 soared 8.78%, and the CAC 40 gained 2.27%, with Sanofi SA jumping 6.18%. The FTSE 100 advanced 5.96%, Italy's FTSE MIB skyrocketed 10.20%, Switzerland's SMI climbed 9%, and Spain's IBEX 35 advanced by 8.10%.

Currency Movements

The euro traded 0.27% up compared to the US currency, selling for $1.09815 at 8:59 pm CET. Simultaneously, the pound gained 0.38% against the greenback to go for $1.28688.