European Markets Experience Significant Gains

European markets witnessed a remarkable upswing on Thursday, fueled by indications of easing trade tensions. This optimistic shift followed US President Donald Trump's decision to postpone the implementation of new tariffs for certain countries by three months, mirroring Wall Street's robust performance the previous day.

Leaders Welcome the Temporary Tariff Suspension

European leaders promptly responded to the announcement, expressing their approval of the temporary suspension and viewing it as an opportunity to rekindle diplomatic discussions. The delay in tariffs was seen as a positive step towards reducing trade conflicts.

Market Highlights

By 9:00 am CET, the DAX had surged by an impressive 8.37%, with Infineon Tech AG leading the charge with a 21.24% spike. Similarly, the EURO STOXX 50 and CAC 40 saw significant gains, with Sanofi SA making notable advances. The FTSE 100, Italy's FTSE MIB, Switzerland's SMI, and Spain's IBEX 35 also reported substantial increases, showcasing a broad-based market rally.

Currency markets reacted positively as well, with the euro and pound both gaining against the US dollar, further underscoring the day's optimistic financial climate.