Ray of hope or false dawn for markets? European investors still staggering from a nearly 12% plunge over three days in their regional stock benchmark are waking up to a futures market pointing more than 3% higher. President Donald Trump has hardly backed down in his assault on perceived trade disparities, even doubling down on China by threatening additional 50% levies that would take the combined total well above 100%. All of this raises suspicions of whether the bounce in markets will last, and even a 3% rebound in the STOXX 600 wouldn't make up much of the rout since Trump's "Liberation Day" tariff announcement last Wednesday.

Ray of hope or false dawn for markets? European investors still staggering from a nearly 12% plunge over three days in their regional stock benchmark are waking up to a futures market pointing more than 3% higher. President Donald Trump has hardly backed down in his assault on perceived trade disparities, even doubling down on China by threatening additional 50% levies that would take the combined total well above 100%. All of this raises suspicions of whether the bounce in markets will last, and even a 3% rebound in the STOXX 600 wouldn’t make up much of the rout since Trump’s “Liberation Day” tariff announcement last Wednesday.