European Markets Experience Significant Gains

European markets witnessed a remarkable upturn on Thursday, fueled by the US President Donald Trump's decision to postpone new tariffs for certain countries by three months. This development echoed the sharp rally on Wall Street, where major indexes closed with substantial gains following the announcement.

Leaders Welcome the Temporary Suspension

European leaders promptly responded to the news, welcoming the temporary suspension of tariffs and viewing it as an opportunity to rekindle negotiations. The delay was seen as a positive step towards easing trade tensions.

Market Highlights

At 9:00 am CET, the DAX surged by 8.37%, with Infineon Tech AG leading the charge with a 21.24% spike. The EURO STOXX 50 and CAC 40 also saw significant increases, while Italy's FTSE MIB and Switzerland's SMI recorded impressive gains. The euro and pound both appreciated against the US dollar, reflecting the positive market sentiment.