- Eurostoxx +7.0%
- Germany DAX +8.2%
- France CAC 40 +6.3%
- UK FTSE +6.1%
- Spain IBEX +8.0%
- Italy FTSE MIB +9.2%
Trump pausing country-specific reciprocal tariffs for 90 days is still the main development since overnight trading. And that’s allowing for risk to breathe a little easier in the meantime. US futures are pinned down a little though, with S&P 500 futures down 0.4% currently. That said, it comes after a massive rebound with the main index posting near 10% gains yesterday. The Nasdaq fared even better, posting over 12% gains. The tech index gained $2 trillion in market cap, a new record, with $1.8 trillion of that owing to the Magnificent Seven.
This article was written by Justin Low at www.forexlive.com.