Global Affairs

Australian shares shoot up after Trump walks back tariff threat

BIAS: Left
RELIABILITY: High

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The Guardian
03:42Z

The de-escalation fuelled a rally in global sharemarkets as buyers ride the ‘Trump Always Chickens Out’ trade strategy Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Australian shares shot higher on Thursday to recoup part of their recent losses, after Donald Trump dropped a tariff threat used against European allies amid his pressure campaign to gain control of Greenland. The de-escalation fuelled a rally in global sharemarkets that flowed into Australia, sending the benchmark S&P/ASX 200 briefly above the 8,860 point mark, before a slight easing. Continue reading…

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