Taco Thursday: European stocks rise after Trump ‘chickens out’ on tariff threat
AI Summary
European stock markets rose on Thursday after Donald Trump cancelled planned tariffs on eight European countries. The increase reversed losses from earlier in the week, driven by Trump's initial tariff threat related to Greenland. Analysts attributed the market rebound to a familiar pattern of Trump backing down from aggressive trade measures, dubbed the "Taco trade." The FTSE 100, Germany's Dax, and France's Cac all experienced gains, and Wall Street was forecast to open higher. Investors also reacted positively to developments in the Supreme Court case regarding Trump's attempt to remove Lisa Cook from the Federal Reserve board. While markets rallied, the S&P 500 and the US dollar remained weaker than their levels from the previous Friday.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories