No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
Market latest
FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ
8772.38 |
55.93 (0.64%)
21028.01 |
30.43 (0.14%)
42270.07 |
54.34 (0.13%)
19113.77 |
62.11 (0.32%)
7751.89 |
27.83 (0.36%)
NaN |
0.00 (0.00%)
Prices delayed by at least 15 minutes
(Sharecast News) - European shares pared gains but were still higher on Thursday after a US court blocked President Donald trump's swingeing reciprocal tariffs while quarterly results from tech darling Nvidia boosted semiconductor makers.
The pan-regional Stoxx 600 index was up 0.29%, while Germany's DAX gained 0.21% and France's CAC 40 rose 0.651% on the news.
A federal trade court on Wednesday said Trump's tariff orders "exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs" the three-judge panel wrote, referring to the 1977 International Emergency Economic Powers Act.
"For weeks, Trump had turned global trade into a game of chicken, daring trading partners to blink first. But today, it wasn't about Trump hitting the tariff brakes or a US-China trade deal -it was a panel of judges in Manhattan. And their message was clear: the Oval Office isn't a trading desk, and the Constitution isn't a blank cheque," said SPI Asset Management partner Stephen Innes.
"But don't kid yourself. The appeal is coming. Trump doesn't fold on first serve. Yet the message has landed: executive overreach may finally have found its ceiling. And with it, a fresh dose of macro stability-at least until the next headline."
The ruling, along with Nvidia's quarterly profits, boosted shares in semi-conductor makers. ASM, ASML and BE Semiconductor were all higher.
Auto Trader tumbled despite the online UK car sales platform delivering a confident outlook alongside its full-year results.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.