Global Stocks Surge Amid Targeted Tariff Plans

Global stocks rallied due to U.S. stock gains and targeted tariff reports. The Dow, S&P 500, and Nasdaq saw significant increases. Despite tariff uncertainties, the MSCI global stock index and European shares showed positive movement. Upcoming reciprocal tariffs and economic indicators continue to influence market sentiment.

In a significant market development, global stocks surged on Monday, buoyed by gains in U.S. equities and reports suggesting a more targeted approach to President Donald Trump's tariff plans. The potential exclusion of certain sector-specific tariffs in favor of more reciprocal levies sparked investor optimism, propelling major indices upward.

Investor uncertainty, primarily due to the volatility surrounding tariff decisions, continued to exert pressure on the markets. Peter Andersen of Andersen Capital Management noted the investor anxiety over impending tariff changes, highlighting the impact on global and corporate economic health.

Although economic indicators pointed to improvements in the U.S. manufacturing and services sectors, broader concerns about tariffs and reduced government spending dampened business confidence. Key indices, including the Dow Jones Industrial Average, S&P 500, and Nasdaq, recorded substantial gains, countering a recent trend of declines.

(With inputs from agencies.)