At 2:45 PM Lisbon time, the Dow Jones index increased by 1.52% to 38,747.94 points, while the tech-heavy Nasdaq rose by 1.75% to 16,148.77 points.
Meanwhile, the broad S&P 500 was at 5,208.71 points, up by 1.02%.
On Monday, the New York stock exchange closed lower, with the Dow Jones losing 2.48%.
The International Monetary Fund (IMF) has revised its global economic growth forecasts downward to 2.8% for this year, compared to the 3.3% projected in January, according to the World Economic Outlook (WEO) released today.
For 2026, the IMF estimates growth of 3%, below the 3.3% it also estimated in January.
“The rapid escalation of trade tensions and extremely high levels of political uncertainty are expected to significantly impact global economic activity,” the report stated.
The IMF projects that growth in advanced economies will be 1.4% in 2025, estimating that “growth in the United States will slow to 1.8%,” a figure 0.9 percentage points lower “than projected in the January 2025 WEO update, due to increased political uncertainty, trade tensions, and weaker demand dynamics.”
Today, U.S. Vice President JD Vance described India as an ambitious trade and political partner, in contrast to the West, whose leaders he characterized as insecure.
At an event in the city of Jaipur, approximately 200 kilometers from the Indian capital, the American official praised India as a partner with shared interests in global trade and security, arguing that the future of the 21st century “will depend on the strength of the partnership between the United States and India.”
