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LIVE MARKETS-Europe stocks boosted by Trump tariff delay, US markets shuttered for MLK Day

ReutersJan 20, 2025 4:37 PM

STOXX 600 up 0.1%

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EUROPE STOCKS BOOSTED BY TRUMP TARIFF DELAY, US MARKETS SHUTTERED FOR MLK DAY

European shares ended slightly higher on Monday, boosted by reports that incoming U.S. President Trump is not set to impose tariffs immediately when he formally returns to the White House later in the day.

The New York Stock Exchange and Nasdaq were both closed for trading on Monday for the Martin Luther King Jr. Day federal holiday.

The STOXX 600 .STOXX closed up 0.1%. Germany's DAX .GDAXI, France's CAC 40 .FCHI and Britain's FTSE 100 .FTSE rose between 0.2% and 0.5%.

While U.S. markets were closed on Monday, investors were still focusing on events in the U.S. after the Wall Street Journal reported that the Trump administration will stop short of imposing new tariffs on his first day in office.

"This pivot toward negotiation and potential deals with Beijing eased investor fears of immediate trade wars, though it signaled heightened uncertainty and volatility ahead," says Anthony Cheung, chief content & culture officer at AmplifyME.

U.S. stock futures EScv1 rose 0.4%. Trading is set to be halted at 1800 GMT, 1300 ET.

(Samuel Indyk)

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FOR MONDAY'S OTHER LIVE MARKETS POSTS

EUROPE GETS LIFT FROM POSSIBLE U.S. TARIFF DELAY CLICK HERE

UK CONSUMER CONFIDENCE FALLS OFF A CLIFF CLICK HERE

WHAT TO EXPECT FROM EUROPE'S Q4 EARNINGS CLICK HERE

STOXX INCHES HIGHER; RENEWABLES NAMES CAP GAINS CLICK HERE

EUROPE BEFORE THE BELL: FUTURES TEPID AHEAD OF TRUMP'S RETURN CLICK HERE

MR MARKET MEETS TRUMP 2.0 CLICK HERE

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