Feb 20 • 15:23 UTC 🇬🇷 Greece To Vima

Stock Market: Rally in the US and Europe after Trump's Tariff "Block"

International stock markets are experiencing a strong upward trend following the US Supreme Court's decision to annul tariffs imposed by President Donald Trump.

International stock markets are on a strong upward trajectory after the US Supreme Court decided to annul tariffs imposed by President Donald Trump. This development is seen as a significant blow to a central pillar of Trump's economic policy. The decision has sparked investor optimism, with many believing that the abolishment of tariffs could alleviate inflationary pressures and lower operational costs for major corporations.

On Wall Street, the S&P 500 rose by 0.6%, while the Nasdaq gained 1%, with stocks from companies reliant on imports leading the rally. This increase reflects a broader sentiment in the market where investors are reacting positively to the potential for a more favorable economic environment free from the restrictions of tariffs. European markets mirrored this trend, with the pan-European index Euro Stoxx 50 climbing 0.96%, reaching 6,117.98 points, while various major European indexes also posted gains, including the FTSE 100, DAX, and CAC 40.

In the bond market, yields on US government securities increased slightly, indicating a possible shift in investor behavior as the economic outlook improves. Overall, this market movement suggests increased confidence among investors, which could have far-reaching implications for the global economy as trade barriers are reduced and international commerce is potentially revitalized in this new landscape.

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