Reuters / Kai Pfaffenbach
- Markets bounce on Thursday as fears of a full scale global trade war wane.
- Major European indices are more than 1% higher in the first hour of trading.
- Gains appear to be driven by conciliatory comments from President Trump’s top economic advisor, Larry Kudlow.
- “Don’t overreact, we’ll see how this works out,” Kudlow said in an appearance on Fox Business.
LONDON — Markets around the world are bouncing on Thursday as fears of a full scale global trade war were once again allayed by a more conciliatory approach from the USA after an initially hostile stance.
Assets had dived on Wednesday after China announced plans for a series of retaliatory tariffs against the USA following the release on Tuesday of a list of goods the USA planned to levy tariffs on.See the rest of the story at Business Insider
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See Also:
- Dow futures dive almost 500 points as China plans tariffs on more than 100 US products
- European stocks dived on Monday morning thanks to US trade tensions
- Brexit fear, a weak dollar, and a global market rout pushed the FTSE 100 to its worst 3 months since the financial crisis
SEE ALSO: Top Trump officials are scrambling to downplay the threat of a trade war with China
