European Stock Markets Higher Over Delay on EU Car Tariffs

Trump's decision to delay tariffs on EU cars have driven European stock markets higher since yesterday.


Trump’s decision to delay tariffs on EU cars have driven European stock markets higher since yesterday. The US government is expected to make an official announcement latest by Saturday about delaying tariffs on cars by up to six months.

German DAX was trading 0.9% higher and FTSE was up by 0.8% at the end of the trading session on Wednesday. However, Italian stock markets are trading 0.1% lower on account of economic woes building up in the country.

DAX30 has also opened higher at around 12093.0 at the time of writing.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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