US stocks jump as Trump touts ‘positive’ progress on EU trade talks

Stay notified with free updates

Simply sign up Equity MEFT Digest – Directly delivered to your inbox.

President Donald Trump indicated that trade talks with the EU were moving forward in a “positive” direction, the US stock had grown a day after agreeing to delay 50 percent tariff.

S&P 500 morning business has increased by 1.6 percent on Tuesday with economically sensitive consumer -sensitive consumer cyclic and technology agencies among the largest winners. The benchmark index all 11 sectors were in the positive region.

Technology-hand Nasdak added 1.9 percent of the composit. In Currency marketThe dollar index increased by 0.4 percent.

The steps came up with the information published after the Market Open, and after every five -month decline, our consumer confidence was withdrawn in May and Trump said on social media that he was “called” to establish the dates of the United States to quickly establish.

“This is a positive event, and I hope that they will finally open European countries to trade with the United States with the United States as I have the same claim to China,” the President said in a post -social post.

Trump on the weekend Agreed to delay After a conversation with European Commission President Ursula von Der Leon, his 50 percent tariff and trade negotiations in his EU were extended till July 9. Trump attacked the EU last Friday that he alleged that he was practicing wrong trade.

“It had a rocket in the discussion and had to respond to the Europeans in many more active ways,” said Caroline Shaw, the portfolio manager of the feedback international. “The speed of this agreement seems to be important to the markets.”

Europe’s Region-Parent Staxex Europe 600 has increased by 1.5 percent this week, more than Trump’s first suggestion on Friday 50 per cent of dutyThe

Germany’s Dax added 1 percent on Tuesday and the record was hit and France’s CAC 40 0.2 percent increased.

“Everyone has been convinced that Trump’s tariff talk is all sight and anger that does not mean anything,” said Peter Tachir, chief of the academy security.

“There will be tariffs, but we are not going to set up this huge tariff that is going to be disastrous for the economy. We are not going to see 5 percent level,” said Tichir.

The US Customs Declaration, which began in early April, relied on consumer and business attitude in the world’s largest economy, the US Equity Market and formed Dollar is pulling less Against other large coins.

However, the girl’s confidence survey published on Tuesday showed intense recovery in the feeling.

Stephanie Gatchard, senior economist of the conference board, said, “The rebound was already visible before the US-China trade agreement, but later gained speed.”

“The three components of the index – business situation, employment prospects and future income – their April has increased from low” menstrual improvement was mainly directed by consumers’ expectations, “he said.

The yields in the US treasury were low, indicating higher prices across the spectrum of maturity. On Tuesday, Japan said these steps followed a wide recovery of public bond prices as it was considering its bond issued.