In a wave of optimism, European stock markets have seen a significant rise, with Milan's Piazza Affari standing out as the best-performing market on the continent. Investors are increasingly confident that global trade can restart, buoyed by potential recovery signals following a period of economic uncertainty. The sentiment is particularly strong among major importers, especially companies with significant exposure to China, such as Amazon, indicating a recovery in international trade dynamics.

Meanwhile, concerns linger on Wall Street regarding the impacts of currency fluctuations and public debt on economic stability. Despite these worries, U.S. Treasury Secretary Bessent has assured that fiscal revenues are expected to remain stable, which offers a layer of reassurance to investors. This dual sentiment in the markets highlights the complex interplay of local economic indicators in Europe and broader global concerns, particularly regarding trade relationships with China.

The positive momentum in European markets suggests a potential shift back towards pre-pandemic economic activities, with a notable increase in consumer and business confidence. This may signal better times ahead for global trade, provided that key economies can navigate the challenges posed by exchange rates and maintain fiscal health. The recovering markets could potentially attract more investment and stimulate growth in sectors directly related to international trade.