As reported earlier, it has been a good day for European stocks, most notably the German DAX Index. However, shares on Wall Street have not been so buoyant despite a very good earnings season so far. Sentiment has been boosted after U.S. President Donald Trump decided to extend the deadline on deciding whether to impose tariffs on European Union exports of steel and aluminum and this helped to reduce the threat of a trade war for now. On top of this, the sharp rally in the U.S. dollar has weighed heavily on the Euro/U.S. dollar (EUR/USD) currency pair.
