Markets soar after court ruling on Trump tariffs

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World stock indices and the dollar rose after a US federal court blocked Donald Trump’s attempt to impose new import tariffs, Reuters reports.

The court ruling triggered growth on the markets: Japan’s Nikkei rose by 1.7%, South Korea’s KOSPI by 1.8%. European futures also gained within 1%.

Investors also rejoiced at Nvidia’s successful report, which exceeded sales expectations and predicted strong results for the next quarter. This gave a boost to technology stocks – Nasdaq rose by 2%.

Amid these events, the dollar strengthened to 145.86 yen and 0.8327 francs, while the euro fell to $1.1245. The yield on ten-year US bonds also jumped to 4.51%.

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