The US Wall Street stock market rose after recording positive movements yesterday.
Major indexes surged, driven by US President Donald Trump's agreement to postpone 50% trade tariffs on European goods until July 9.
The Dow Jones Index rose 1.78%, the S&P 500 gained 2.05%, while the technology-focused Nasdaq rose 2.47%.
Trump decided that he would begin negotiations with the European Union (EU) to ease global trade tensions after talks with European Commission President Ursula von der Leyen.
This situation is expected to restore the European stock market and luxury goods sector, which depend on the US market.
Investors were happy after Trump postponed the 50% tariff plan on the EU in restoring investor confidence and encouraging market movements to recover.
In other developments, the minutes of the FOMC committee meeting will be published tomorrow at 2:00 am Malaysia time (MYT).
The FOMC minutes are expected to provide a detailed look at the latest monetary policy discussions, including considerations of inflation risks, interest rates and the impact of trade policy.
Richmond Federal Reserve (Fed) President Thomas Barkin said that current data does not yet indicate any inflationary pressures or rising unemployment.
He also expected interest rates to remain stable until the full impact of Trump's tariffs can be seen closely.
US stock market volume was $17.72 billion, compared with an average of $16.98 billion over the full 20 trading days.
