Taco Thursday: European and US stocks rise after Trump ‘chickens out’ over tariffs
Optimistic
20.0
Gains come after US president says he will not use military force to acquire territory and cites ‘framework deal’ European and US markets rose on Thursday after Donald Trump cancelled plans to impose fresh tariffs on eight European countries, in what analysts said was a return of the “Trump Always Chickens Out” (Taco) trade.Germany’s Dax closed 1.28% higher, while France’s Cac 40 rose by just under 1%. The pan-European Stoxx 600 was up 1.1%, although the UK’s FTSE 100 edged up only 0.12%. Continue reading...
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
