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%.
