Major European stock indexes traded in the green during premarket hours on Thursday, with Germany's DAX soaring over 5%. The renewed investors' optimism came after United States President Donald Trump decided to delay the implementation of the reciprocal tariffs for countries that have not retaliated for three months. However, he increased tariffs on imports from China to 125% after Beijing imposed 84% duties on US goods.
The DAX surged 5.56%, and the FTSE 100 climbed by 4.98% at 8:00 am CET. At the same time, the CAC 40 rose by 3.84%, while the Euro Stoxx 50 jumped 7.71%.
The euro traded 0.32% higher against the dollar to sell at $1.09864 at 7:58 am CET. Simultaneously, the pound gained 0.31% compared to the greenback, going for $1.28597.
