European and American markets rose sharply by a quarter after US President Donald Trump ordered a pause in tariffs for the EU.
CNBC reports this, Ukrinform reports.
The Stoxx 600 index rose by 5%, and shares in all sectors increased, which allowed all adjacent sectors to consolidate on positive dynamics. The shares of the banking, technology and industrial sectors grew the most – by 6.6%, 6.8% and 5.6% similar.
US stocks were also higher, and the S&P 500 Index was down 9%, posting its third-largest one-day gain since the Second World War.
The Dow Jones Industrial Average jumped 7.87%, its biggest one-day gain since 2020, and the Nasdaq Composite jumped 12%, its biggest one-day gain since 2001 and others. the shortest day in history.
George Saravelos of Deutsche Bank Research said that the main idea is that Trump will not let the stock market fall too much.
“The administration is signaling a reaction to even extreme market conditions. It is wrong to change the international trend towards such an extreme policy. It is more likely that the administration will accept the results of negotiations on trade and other policies, and it is certain that the administration will respond to the pressure of the market in order to continue,” he said Vin.
As Ukrinform reported, on Wednesday US President Donald Trump announced that he would introduce broad tariffs against America's trading partners for 90 days. Recently, he announced that the United States would impose 125% tariffs on Chinese imports through its borders with the United States.