At 2:46 PM Lisbon time, the Dow Jones Industrial Average rose by 0.83% to 40,548.13 points.
The broader S&P 500 advanced by 1.55% to 5,446.36 points, while the tech-heavy Nasdaq increased by 1.21% to 16,926.94 points.
The United States government announced on Saturday a series of exemptions to tariffs on imports, now excluding mobile phones, computers, and other electronic components and products from such duties.
On Friday, the New York Stock Exchange closed higher, after a week marked by significant investor anxiety due to the ongoing developments and twists in the trade war initiated by Donald Trump.
The Dow Jones Industrial Average rose by 1.56%, the Nasdaq climbed 2.06%, and the S&P 500 increased by 1.81%.
European stock markets also opened in the ‘green’ today, with the EuroStoxx 600 rising by 1.95% to 496.39 points as of 8:50 AM in Lisbon.
The stock markets of London, Paris, and Frankfurt gained 1.85%, 2.23%, and 2.09%, respectively, while those in Madrid and Milan increased by 1.70% and 2.03%.
Geopolitical risks have escalated considerably since 2022, exerting the highest level of pressure on global financial stability in decades, according to a preview of the International Monetary Fund’s (IMF) annual report released today.
Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) anticipates that the “recently announced U.S. tariffs” will slow down global economic growth and oil consumption. As a result, it has downgraded its forecasts for global crude demand in 2025 and 2026.
