European shares climbed on Thursday as a U.S. trade court's decision to block President Donald Trump's proposed tariffs sparked a risk-on sentiment across global markets.
The continent-wide STOXX 600 index was up 0.4%, as of 0715 GMT, with regional indexes also trading in the green. Germany's DAX 40 rose 0.5% to hover near a record high.
The Court of International Trade ruled that Trump overstepped his authority by imposing the April 2 across-the-board duties on imports from U.S. trade partners.
On Wall Street, stock index futures rose by more than 1.5% as the court's decision provided some relief from persistent trade uncertainties.
Overall sentiment was also lifted by AI bellwether Nvidia (NASDAQ:NVDA), which surpassed quarterly sales expectations in after-hours trading on Wednesday.
European AI-exposed stocks such as ASML (AS:ASML) and Schneider Electric (EPA:SCHN) each gained about 3%, while the region's technology index led sector gains with a 1.7% rise.
European carmakers, sensitive to tariff-centric pressures, rose in early trading. Shares in Stellantis (NYSE:STLA) gained 2.5%, Porsche up 1% and Volkswagen (ETR:VOWG_p) added 1.2%.
Investors also favoured luxury stocks, with Kering (EPA:PRTP), Christian Dior (EPA:DIOR) and Burberry (LON:BRBY) rising between 3% and 3.6%.
Source: Investing.com
European stock markets edged higher on Monday, as investors looked ahead to a trading week due to feature key economic data and a potential U.S. government shutdown. The pan-European Stoxx 600 had cl...
Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam. The Dow Jones Industrial Average traded 70 points higher, or ...
The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the US. Traders were also digesting corporate news and eco...
Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to hold its cash rate steady at 3.6%, according to a Reuter...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also considering President Trump's new wave of tariffs and weake...
Oil prices fell by nearly 3.5% on Monday as OPEC+ plans for another increase to oil output in November and the resumption of oil exports by Iraq's Kurdistan region via Turkey raised the global supply outlook. Brent crude futures dropped $2.42, or...
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further interest rate cuts but acknowledging that current Fed rate policy is tilted more toward the restrictive...
European stock markets edged higher on Monday, as investors looked ahead to a trading week due to feature key economic data and a potential U.S. government shutdown. The pan-European Stoxx 600 had climbed by 0.3%, while the Dax in Germany gained...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also...
Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to hold...
The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the...
Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam.
The Dow...