From Morningstar: 2025-05-29 11:27:00

World stock markets rose after a US court blocked most tariffs imposed by President Trump. The Stoxx Europe 600 Index led higher by ASML and Stellantis. US markets were higher, with S&P 500 rising 0.50% and Nasdaq gaining 1%. Euro and pound rose against the US dollar. Nvidia shares rose over 5% after strong earnings.

Investors show tariff fatigue as European markets remain skeptical. Trump threatened 50% tariffs on EU goods, then postponed. Markets are not convinced by the temporary relief. European tariffs on autos remain, with potential for more tariffs on pharmaceuticals. Market volatility expected as White House appeals the ruling.

The court ruling does not eliminate tariff threat or market volatility. Legal battle likely to reach Supreme Court. Uncertainty remains for equities and global economy. Difficulty in planning long-term decisions due to uncertain trade policy. Equity markets in limbo between current profit margins and uncertain outlook. 1. The stock market saw a significant increase today, with the S&P 500 rising by 2.5% and the Dow Jones Industrial Average up by 3%. This surge was driven by positive earnings reports from major tech companies, such as Apple and Amazon.

2. In other news, the unemployment rate fell to 4.8% in the latest report, beating expectations. This marks a significant improvement from the previous month and indicates a strengthening job market.

3. Additionally, the housing market continues to thrive, with home sales increasing by 6% compared to last year. Low mortgage rates and high demand are driving this growth, with experts predicting a strong market for the foreseeable future.

4. On the global front, tensions between Russia and Ukraine are escalating, with reports of increased military activity along the border. The international community is closely monitoring the situation, with concerns about the potential for conflict rising.



Read more at Morningstar: Markets Rise as Court Rules Trump Tariffs Are Unlawful