The US Wall Street stock market has recovered after recording a decline in the opening of the week yesterday.
Major indexes rose, driven by US President Donald Trump's agreement to delay 50% tariffs on European goods until July 9, thus temporarily easing global trade uncertainty.
The S&P 500 index rose 0.7%, the Dow Jones rose 0.6%, while the technology-focused Nasdaq gained 1%.
Trump is set to begin trade talks with the European Union (EU) to reduce trade war tensions after talks with European Commission President Ursula von der Leyen.
Indirectly, this effort has the potential to provide temporary relief to European stock markets and luxury goods sectors that rely on the US market.
In another focus, the market remains wary of the risk of the US debt rising from $3 trillion to $5 trillion with Trump's tax cut plan.
Moody's cut the US credit rating to 'AA1' from 'AAA', pushing US Treasury yields higher.
Investors cheered after Trump postponed his planned 50% tariffs on the EU, restoring investor confidence and encouraging market activity to recover.
