06/04/2025

Stocks Rise, Dollar Steady as Traders Focus on U.S. Tariffs and Data

The markets wait for tariff news, U.S. data

European stock indexes climbed slowly higher on Wednesday and the dollar was little changed, as uncertainty about U.S. President Donald Trump's tariff plans and negotiations with China dominated market sentiment.

Trump has set Wednesday as the deadline for when trading partners should submit proposals for trade deals to avoid his "Liberation Day" tariffs from taking effect in five weeks' time.

Higher U.S. tariffs on steel and aluminum also took effect on Wednesday, applying to all trading partners apart from Britain, which is so far the only country to have struck a preliminary trade agreement.

Please select this link to read the complete article from Reuters.