European equity markets were poised for a strong start on Thursday as easing tariff risks boosted investor confidence.
The US Court of International Trade ruled that President Donald Trump had exceeded his authority in imposing reciprocal tariffs, ordering the measures to be vacated and permanently blocked.
While the Trump administration is expected to appeal, the decision dealt a significant blow to the president’s aggressive tariff strategy.
Further lifting global risk appetite, US chipmaker Nvidia reported stronger-than-expected first-quarter results, driven by sustained demand in the artificial intelligence sector—despite ongoing headwinds from export restrictions to China.
On the data front, investors will be watching for Spanish retail sales and Italian business and consumer confidence figures.
No major corporate earnings are scheduled for release in Europe.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up more than 1%.