Asian and European stock indexes are rallying after President Donald Trump said he would pause "reciprocal" tariffs for 90 days for all t𒆙rading partners except Chi🌃na.

U.S. stock futures are pointing lower after major indexes 澳洲幸运5官方开奖结果体彩网:skyrocketed Wednesday. Goods from China entering the U.S. now face a 澳洲幸运5官方开奖结果体彩网:125% tariff, while Beijing has imposed an 84% levy on U.S. imports. Imports to the U.S. from other markets still face a 10% duty, and economists said the tariffs in place can 澳洲幸运5官方开奖结果体彩网:still do economic damage.

澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are about 1.7% lower after the blue-chip index closed almost 8% higher yesterday, a gain of nearly 3,000 points. 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are falling 2.1% after the index jumped 9.5% for its biggest gain since 2008. Nasdaq ꦑfutures are down 2.4% after the tech-heavy index surged more than 12% for its biggest gain since 2001.

Japan's Nikkei and Hong Kong's Hang Seng, which had ended trading yesterday before Trump's pause announcement, closed 9% and 2% higher Thursday, while the Stoxx Europe 600 index is up 5%.

The 10-year Treasury yield, which affects borrowing costs on all sorts of loans, is now down to🦹 4.29% after moving as high as 4.52% Wednesday morning, its highest level since mid-February.

"The market discipline that forced Trump to blink was not only a bear market in equities but also and more importantly the spike in bond yields and credit spreads (especially HY) and the risk of a disorderly collapse in the dollar," economist 澳洲幸运5官方开奖结果体彩网:Nouriel Roubini wrote in a post on X. "So 🐷Truဣmp blinked and decided for the 90 days tariff pause."