European Stocks Rise as Trump's Tariffs Blocked
European stocks rose on Thursday, with the STOXX 50 gaining 0.9% and the STOXX 600 up 0.5%, as a wave of global risk-on sentiment lifted markets amid easing trade war concerns.
A US Court of International Trade ruled that President Donald Trump had exceeded his authority in imposing reciprocal tariffs and ordered the administration to halt their collection.
In addition, Nvidia’s strong earnings and upbeat outlook for the current quarter boosted investor sentiment, as its CEO stated that the AI computing market remains on track for “exponential growth”. The tech sector was up more than 1.5%. SAP (1.5%), ASML Holding (3.1%), and Dassault Systemes (1%) all booked gains.
Source: Trading Economics