On Thursday, the European Union announced a 90-day pause before imposing trade countermeasures against the United States. Following this announcement, Germany's DAX stock index rose 4.67% by the close of trading in Frankfurt.
The German stock index DAX 40 rose rapidly on Thursday, gaining 8.37%. The unexpected US President Donald Trump's announcement of a 90-day suspension of new duties on imports from dozens of countries, including the European Union, contributed to this.
German equities started this week in the red as Donald Trump showed no signs of changing his decision on import duties that could lead to a global recession. The DAX was down 4.26% and hit a new three-month low on Monday at the close of trading in Frankfurt.
European shares fell and the DAX index confirmed a correction as China's retaliation to sweeping US tariffs heightened investor concerns over a global recession. Besides, a gauge of euro zone stock market volatility surged 8.68 points to 34.2.
European stock markets extended their losses Thursday morning following US President Donald Trump’s stronger-than-expected trade tariffs announcements targeting dozens of trading partners, CNBC reports.
The GBP publication has been released
Unemployment Rate
4.4%
The CAD publication is expected
CPI (MoM)
1.1%
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