European shares rose on Tuesday following U.S. President Donald Trump's decision to delay a proposed 50% tariff on European Union goods. This development came after positive discussions between EU and U.S. trade officials, who are aiming for a trade deal by July 9. U.S. stock futures indicated a strong market opening, supported by increased consumer confidence data. Meanwhile, Japanese stocks also improved as the Bank of Japan signaled potential interest rate increases due to rising inflation, demonstrating a complex global economic landscape influenced by trade uncertainties.
The future for the S&P 500 was up 1.5% while that for the Dow Jones Industrial Average gained 1.3% after Trump delayed a tariff on EU goods.
Bank of Japan Gov. Kazuo Ueda stated that rising food prices and the potential for interest rate hikes reflect inflation that now exceeds the U.S. and EU levels.
Collection
[
|
...
]