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Trump's tariff break causes stock market boom - hope for calmer waters!
US President Trump announces a tariff break, stock markets react positively. But does confidence in the economy remain uncertain?
Trump's tariff break causes stock market boom - hope for calmer waters!
Stock markets around the world have rallied in recent days, but investors are unsure whether this relief rally will last. Several factors, particularly the uncertain political situation in the USA, are influencing the markets, such as Stuttgart News report. Despite a positive market opening in May, confidence in Donald Trump's policies remains uncertain. However, investors are showing new courage and most stock indices have overcome the so-called tariff shock.
The uncertainty is also influenced by Trump's recent decisions. The US President announced a 90-day tariff break, although this does not apply to China. The reaction to this announcement caused stock markets around the world to rise. The DAX opened with a gain of 8% and reached 21,207.76 points, representing the largest daily gain since 2020. The Dow Jones also closed with a gain of 7.87% at 40,608.45 points, while the S&P 500 rose by 9.52% to 5,456.90 points. The Nasdaq 100 even recorded an increase of 12.02% to 19,145.06 points, like that ZDF reported.
Global market reactions
In Japan, the Nikkei index rose 8.3% to 34,353.17 points, while the Topix index rose 7.5% to 2,526.34 points. The Shanghai Stock Exchange also gained 1.2% to 3,225.19 points, and the index of major companies in Shanghai and Shenzhen rose 1.3% to 3,734.06 points. These developments show the markets' positive reaction to the announced tariff break, even as China's tariffs rise to 125%, up from 104% previously. Despite the stock market gains, economists warn of increased risk of a recession in the US as EU countries vote on a response to the tariffs.
Market observers suspect that the decision to pause tariffs was also influenced by the stock market turmoil. Trump justified this measure with people's unrest and fear. While he posted on Truth Social that it was a good time to buy, Trump's media stock rose 21.67%. Tech stocks also recovered significantly, with Tesla shares rising by 22.7% and Apple shares rising by 15.33%. Shares of companies such as Amazon, Meta, Nvidia, Alphabet and Microsoft also posted significant gains.