US, European Stocks Rise After Supreme Court Strikes Down Trump's Tariffs

On Friday, US and European stock markets experienced gains following a significant ruling from the US Supreme Court that invalidated tariffs imposed by former President Donald Trump. This decision has been welcomed by investors, as it is expected to ease trade tensions and promote economic growth. Concurrently, Treasury yields increased, reflecting investor confidence despite the release of a weaker-than-anticipated GDP report and higher inflation rates than expected. Analysts suggest that while the economic outlook remains mixed, the Supreme Court's judgment may provide a boost to consumer spending and business investments. The ruling underscores ongoing debates about trade policies and their impact on the economy, especially in a post-pandemic recovery phase. As markets react to these developments, investors are closely monitoring economic indicators to gauge the potential trajectory of growth and inflation in the upcoming months.