Market Optimism Sparks European Stock Surge

In a remarkable turn of events, major European stock indices experienced significant gains at the close of Thursday's trading session. This surge was largely attributed to the collective sigh of relief from investors following the United States' decision to delay its reciprocal tariffs on the European Union. The EU Commission's responsive move to pause retaliatory duties on US goods, initially set for April 15, further fueled the market's upward trajectory.

Notable Performances Across European Indices

Germany's DAX led the charge with a 4.33% increase, buoyed by SAP's impressive 7.28% climb. The Euro Stoxx 50 and Italy's FTSE MIB followed suit, growing by 4.13% and 4.72% respectively, with Unicredit making headlines with an 8.36% rise on both indexes. France's CAC 40 wasn't far behind, adding 4.16% to its value, thanks in part to Publicis Groupe's 7.46% surge. Meanwhile, the UK's FTSE 100 advanced 3.19%, propelled by 3i Group's 7.75% increase.

Swiss and Spanish Markets Join the Rally

Switzerland's SMI rose by 3.27%, with Swiss Re Group jumping 6.5%, and Spain's IBEX 35 enjoyed a 4.07% boost, largely due to Fluidra's 7.68% ascent.

Currency Movements Reflect Market Sentiment

The euro and pound sterling also saw positive movements against the dollar, with the euro expanding 2.22% to sell for $111918 and the pound strengthening 1.12% to exchange for $1.29631 at 5:34 pm CET.