Decision on tariffs improves market moods

Equity indices recover for the second day this Wednesday despite weak macroeconomic data. Moods were greatly improved after the news that Donald Trump will delay a decision on car tariffs for 6 months. This has especially positive impact on European markets where DE30 surges by more than 1% and EU50 adds 0.8%. In the US, USFANG gains 1.3%. The news is positive but it also may mean that president Trump expects a lengthy conflict with China.  

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Chart of the day - EURUSD (26.01.2021)
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