The stock leap, the US Treasury’s revenues climb to optimism about the customs tariff

Written by Chuck Micolajkkak

New York (Reuters) -Global shares rose on Monday, led by gains in American stocks, while the US Treasury’s revenues increased after reports that President Donald Trump’s tariff plan may use a more targeted approach than he previously believed, which enhances the appetite of risk.

Trump said that the car tariff would come soon, and said he could give “many countries” a break on the definitions, but he did not provide any details.

“Investors suffer from a slight a sigh of relief, but at the same time they make fun of the period they may continue,” said Sam Stofal, the chief investment strategy in CFRA Research.

“The causes of this manufactured correction did not evaporate. It is a tariff and what the impact of definitions on economic growth, inflation and corporate profits can be.”

The shares have been pressured in recent weeks, as they have retracted the uncertainty about the possible fees and the damages that could be caused by the global economy as well as the profits of companies.

A series of economic indicators also indicated the cooling of consumer morale with the growth of customs tariff concerns.

The data on Mon showed the PMI Flash US Composite, which tracks the manufacturing and services sectors, to 53.5 this month from 51.6 in February. Reading above 50 indicates expansion.

However, concerns about customs tariffs and sharp discounts in government spending continued in its morale, as the business confidence scale decreased to the second less reading since 2022.

The Dow Jones industrial average increased 597.97 points, or 1.42 %, to 42,583.32, S&P 500 100.01 points, or 1.76 %, to 5,767.57 and the nasdaq boat rose 404.54 points, or 2.27 %, to 18,188.59. Nasdak touched its highest level since March 7.

The MSCI scale from stocks around the world gained 9.84 points, or 1.17 %, to 851.83 after reaching the highest level in the two weeks 852.39.

The MSCI index decreased by approximately 8 % of its record in mid -February during its lowest level on March 13, before picking up a series of four -week decreases last week.

However, the induction uncertainty remains in other global stock indicators, and the Stoxx 600 PAN-EUROPEAN is closed 0.13 %.

European stocks rose early in the session after the EURO EURO’s first compound, the S&P Global, collected to 50.4 this month from February 50.2, is the highest level since August.

Trump is still planning to impose a new mutual tariff next week, but there are still questions about the size of duties and any countries that will be targeted.

In addition, Trump said on Monday that any country buying oil or gas from Venezuela will pay a 25 % tariff on exports to the United States.