European markets staged a historic rally in early morning trading on Thursday, tracking Wall Street’s euphoric surge after US President Donald Trump unexpectedly announced a 90-day pause on tariffs for countries that have not retaliated against US trade measures, excluding China.
The Euro Stoxx 50, which tracks blue-chip companies across the eurozone, jumped 8.2% to nearly 5,000 points, on pace for its strongest session since the onset of the pandemic in March 2020. The broader Euro Stoxx 600 rose 7.4%, while national indices across the continent saw similarly powerful gains.
