Global Stocks Steady as Tariff Concerns Ease Amid Eurozone Optimism

Global stocks saw modest increases as President Trump suggested a more balanced approach to tariffs, easing initial fears. The Dow, S&P 500, and Nasdaq rose slightly, supported by improved business morale in Germany. These developments accompanied softened U.S. consumer confidence and a minor decline in the dollar index.

Global stocks nudged higher on Tuesday following a significant rally the day before, spurred by hopes that U.S. President Donald Trump might adopt a tempered stance on tariffs. The dollar retreated from its recent peak, prompting cautious optimism among investors.

European equities spearheaded the uptrend, while U.S. stocks climbed modestly after substantial gains in the prior session. This emerged as Trump indicated that not all threatened tariffs would be enacted, with potential exemptions for certain countries.

However, U.S. stocks pared some gains after consumer confidence numbers fell short of expectations. Analysts observe that confidence continues to decline amid America's political divide, although it hasn't halted consumers' purchasing habits.

(With inputs from agencies.)