Global stocks rose, and bond sales stabilized today, Thursday, after US President Donald Trump announced today, Thursday, to suspend the application of the high customs duties imposed a few days ago on dozens of countries.
This significant rise in stocks came after the market turning over a few days.
Trump suspended counter -tarit duties on dozens of countries less than 24 hours after they entered into force.
However, the White House kept 10% of comprehensive customs duties on almost all American imports.
European stocks jump
- The European Stoxx 600, 7.2%, jumped by 07:09 GMT, after losing 12.5% since the imposition of American counter -tariffs on April 2.
- The German index increased 8.1%.
- All sectors recorded gains, including the most affected sectors this month, the banking sector that rose 10.1%, mining, which increased 9.2% and energy that added 9.3%.
- Intensive sale of US Treasury bonds in previous sessions – which fueled fears of the weakness of the largest bond market in the world – also showed some signs of decline today, Thursday.
However, Trump increased pressure on Beijing by raising customs duties on imports from China to 125% of the 104% level, which began to be applied yesterday in response to its announcement of the imposition of 84% fees on American goods as of today.
Asia markets are recovering
Asian stock markets rose Thursday after Trump’s decision to suspend the customs duties he imposed on the countries of the world
- The Nikai Japanese index jumped 9.13% today, Thursday, recording the largest great gains amid investors’ appetite to buy shares that have decreased severely in the past days.
- All stocks on the Nikai index, which number 225 shares, with the exception of one share. Of more than 1,600 shares traded on the main market of the Tokyo Stock Exchange, 99% of the shares increased.
- The broader Topix index increased 8.09%
- Nikai witnessed severe fluctuations this week, as it closed at an increase of 6% on Tuesday after a decrease of 7.8% on Monday to the lowest level in the year and a half, and closed to a decrease of 4% yesterday, Wednesday.
- Chinese stock markets opened dealing on Thursday, as the leadership stock index increased by 1.6%.
- The rise today, Thursday, came in the wake of heights in Wall Street last night, as the Standard & Poor’s 500 index increased by 9.5%, recording the largest daily gain since 2008.
Gulf markets rise
Saudi stocks topped the rises of stock markets in the Gulf region in early trading on Thursday, tracing the impact of global stocks after Trump’s sudden decision temporarily to most of the customs duties imposed recently.
- The main index jumped in Saudi Arabia 4%.
- The main index in Dubai increased 2%
- The main index in Abu Dhabi rose 1.3%.
- The main index in Qatar increased 2.5 %.
