European, Asian stocks and FX jump on report of less aggressive US tariffs
LONDON, Jan 6 (Reuters) - European and Asian currencies and stocks jumped on Monday after reports U.S. President-elect Donald Trump's aides are exploring tariff plans that would be applied to every country but only cover critical imports.
The euro, pound, and Australian dollar were all about 1% higher after the report EUR=EBS, AUD=D3, GBP=D3 and the dollar fell around 0.5% on China's yuan traded offshore. CNH=D3
European stocks rallied, with autos to the fore, with an index tracking the sector up 3.5%. .SXAP Porsche was last up 6%.
Hong Kong's Hang Seng futures rose 1.6% HSIc1
The Washington Post reported on Monday, citing people familiar with the matter, that current discussions centre on imposing tariffs only on certain sectors deemed critical to national or economic security.
(Reporting by Alun John; Editing by Amanda Cooper)
((alun.john@thomsonreuters.com;))
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