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Reciprocal Tariffs Ruled Illegal, Pushing Up European Stocks in Early Trading Generally; DJIA Futures Rockets 460+ pts Amid Chip Rally
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The US Trade Court ruled that US President Donald Trump overstepped his authority with his reciprocal tariffs. Major European stock markets boomed across the board on Thursday (29th), while US stock futures also enjoyed a sharp leap. The Stoxx Europe 600 Index rose by 1.99 points or 0.4% to 550.92. The FTSE 100 fell by 5 points to 8,720. France's CAC increased by 58 points or 0.8% to 7,846. Germany's DAX grew by 136 points or 0.6% to 24,175. Spain's IBEX 35 climbed by 42 points or 0.3% to 14,143. Italy's FTSE MIB advanced by 171 points or 0.4% to 40,299. Chip stocks with AI concepts delivered outstanding performance. ASML, Infineon, and STMicroelectronics escalated by 2.4-2.6%, while Schneider Electric also swelled by 1.6%. In terms of US stock futures, DJIA futures surged by 466 points or 1.1% to 42,636. S&P 500 futures ballooned by 89 points or 1.5% to 5,992. Nasdaq 100 futures inclined by 406 points or 1.9% to 21,786. AAStocks Financial News |
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