European Markets Experience Significant Uptick

European markets witnessed a remarkable surge on Thursday, buoyed by the easing of trade tensions following US President Donald Trump's decision to delay new tariffs for some countries by three months. This development echoed the sharp rally on Wall Street, where major US indexes closed with substantial gains after the announcement.

Positive Reactions from European Leaders

European leaders promptly responded to the news, expressing their approval of the temporary suspension and viewing it as an opportunity to rekindle dialogue. The delay was met with optimism across the continent, as it signaled a potential de-escalation in trade disputes.

Market Highlights

At 9:00 am CET, the DAX surged by an impressive 8.37%, with Infineon Tech AG leading the charge with a 21.24% spike. Similarly, the EURO STOXX 50 soared 8.78%, and the CAC 40 gained 2.27%, with Sanofi SA jumping 6.18% within both indexes. The FTSE 100 advanced 5.96%, while Italy's FTSE MIB skyrocketed 10.20%, and Switzerland's SMI climbed 9%. Spain's IBEX 35 also saw an 8.10% increase, with IAG leading the pack at a staggering 23.55% rise.

Currency Movements

The euro and pound both appreciated against the US dollar, with the euro trading up 0.27% to $1.09815 and the pound gaining 0.38% to $1.28688 at 8:59 pm CET.