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European Shares, Euro Surge After Report of More Targeted US Tariffs

January 06, 2025, 08.46 PM | Source: Reuters

ILUSTRASI. The euro rallied as much as 1.2%, while European stocks got a lift, as auto shares in particular bounced. The STOXX 600 was up 0.8%, around session highs.

STOCK MARKET - LONDON. European stocks and currencies rallied sharply on Monday after the Washington Post reported U.S. tariffs might be less aggressive than President-elect Donald Trump has previously threatened, injecting optimism into regional markets.

Trump's aides are exploring tariff plans that would be applied to every country but only cover critical imports, the Washington Post reported on Monday.

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