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.