Eurostoxx futures +7.8% in early European trading

• German DAX futures +7.7%
• UK FTSE futures +5.2%

European indices look poised for surging gains as well today, in playing catch up to Wall Street yesterday. Tech shares led the way in the US though but broader market sentiment picked up tremendously as Trump paused specific reciprocal tariffs for 90 days. That said, there is still a blanket 10% tariffs applied in the meantime. US futures are taking a bit of a breather for now, with S&P 500 futures down 0.4%, after the near 10% spike overnight – which was the eighth best day on record for the index.

This article was written by Justin Low at www.forexlive.com.