The European stock market markets recovered abruptly in the first agreements on Thursday after the president of the United States, Donald Trump, arrested abruptly tariffs pronounced in most countries.
Frankfurt rose more than seven percent to 21,124.44 points almost half an hour of negotiation, Paris won 7.3 percent to 7,362.06 and London increased 5.3 percent to 8,089.72 after demonstrations on Wall Street and Asia.
European markets had fallen around three percent on Wednesday after Trump’s punishment rates entered into force and China took reprisals with their own massive duties against US taxes.
But Trump traced after European stock markets closed, suspending the highest tariffs against all countries expect China.
However, the American leader left intact a base rate of 10 percent and increased his commercial war with Beijing by walking tariffs against Chinese products to 125 percent.
“While there is an understandable bone relief … The genius is still out of the bottle of politics unpredictability,” said Deutsche Bank analysis.
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“10 percent of the representatives of minimum universal rates the greatest increase in the rate in decades and commercial uncertainty will probably delay, with limited visibility on what the child or the United States would find acceptable,” he said.
Ipek Ozkardeskaya, Swissquote Bank’s senior analyst, said the “red line” for Trump was a sale of wages or the United States government.
“The sale of fires in the United States Treasury bonds increased the pressure to the point that the team became unbearable, even for Trump,” he said.
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