Global markets shifted into a relief rally today as the shadow of a trans-Atlantic trade war began to lift. The recovery followed a high-stakes geopolitical pivot by U.S. President Donald Trump, who abruptly de-escalated his pursuit of Greenland and withdrew looming tariff threats against dissenting European allies.
Global Equity Performance and Risk AppetiteIn Asia, Japan’s Nikkei 225 led the charge, surging 1.73% (914.25 points) to close at 53,688.89. Hong Kong’s Hang Seng followed with a modest gain of 0.17%. In Europe, the FTSE 100 edged up 0.12% to 10,150.05.
In the U.S., Wall Street saw a decisive “risk-on” move. The Dow Jones Industrial Average climbed 423.73 points to 49,500.96, while the S&P 500 rose 51.13 points to 6,926.75, and the Nasdaq jumped 1.01% to 23,459.84 as investors shook off the extreme rhetoric of previous days.
