European Markets Soar on Trade Optimism

European markets experienced a significant uplift on Thursday, driven by positive developments in trade relations. The decision by US President Donald Trump to delay the introduction of new tariffs for certain countries by three months has been a key factor in this surge. This move not only reflects the recent sharp rally on Wall Street but also marks a hopeful turn in international trade discussions.

Leaders Welcome the Temporary Suspension

European leaders have responded positively to the announcement, viewing the temporary suspension of tariffs as an opportunity to reopen dialogue and strengthen economic ties. This sentiment was echoed across the continent, with markets reacting enthusiastically to the news.

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%. The FTSE 100 advanced 5.96%, and Italy's FTSE MIB skyrocketed by 10.20%. Switzerland's SMI and Spain's IBEX 35 also saw significant gains, climbing 9% and 8.10% respectively.

Currency Movements

The euro and pound both strengthened 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.