FX.co ★ European Stocks Rise as Trump's Tariffs Blocked

European stocks experienced an uptick on Thursday, with the STOXX 50 climbing 0.9% and the STOXX 600 increasing by 0.5%. This boost was largely due to a surge in global risk appetite, spurred by reduced concerns over trade wars. A noteworthy development came from the US Court of International Trade, which ruled that President Donald Trump had overstepped his authority by imposing reciprocal tariffs, subsequently ordering the cessation of their collection. Adding to the positive market tone, Nvidia posted strong earnings and an optimistic outlook for the current quarter, underpinned by their CEO's statement that the AI computing sector is poised for "exponential growth." The technology sector, in particular, rose by over 1.5%, with significant gains recorded by companies such as SAP (1.5%), ASML Holding (3.1%), and Dassault Systemes (1%).