European indices jump 7% after tariffs are suspended

European indices jumped more than 7% during trading today following US decisions aimed at calming ongoing trade tensions.

In trading, the STOXX 600 index rose by about 7.1% to 503 points. The German DAX index rose by 7.5% to 21,144 points, the British FTSE by about 5.5% to 8,102 points, and the French CAC rose by 6.6% to 7,318 points.

The technology, industrial, and banking sectors led the gains on European stock exchanges at the start of Thursday’s session, rising by about 9.9%, 9.1%, and 10%, respectively.

In a week marked by widespread volatility due to trade tensions, the STOXX 600 index ended Wednesday’s trading session down by about 3.5%, its lowest close since January.