US stock markets rise on Trump tariff rollback

Many US and European indexes suffered historic drops followed by record rises after Trump suspended many tariffs for 90 days.

However, the gains have not reversed the losses. The S&P 500 index is 3.8% down over the last month while the FTSE 100 is 5.7% down, the German Dax is 8.8% down, and the French Cac 40 is 9.3% down.

Meanwhile, the value of the US dollar continued to fall on Monday - down 0.7% against the British pound, having dropped 2.7% against the pound since Thursday.

The bond market appeared stable on Monday, with a key interest rate on US government debt down to 4.4%.

The rate spiked last Wednesday as investors worried about a possible recession, and sold US government bonds, which are usually seen as a safe investment.