(Reuters) – The main European scholarships advance at the start of the session on Thursday, in a context of relief after a US federal court blocked the entry into force of the so -called “Liberation Day” Donald Trump on Wednesday.

In Paris, the CAC 40 earns 0.90% at 7,858.35 points around 07:03 GMT. In Frankfurt, the Dax advances 0.88% and in London, the FTSE 100 rises by 0.37%.

The Eurostoxx 50 index is up 0.99%, the FTSEURofirst 300 wins 0.52%and the Stoxx 600 advance of 0.51%.

The United States International Commercial Court blocked on Wednesday the entry into force of customs duties decided by Donald Trump on April 2, on the occasion of what he described as “Liberation Day”. According to the court, the American president has exceeded his powers.

The White House quickly called on this decision and could bring it to the Supreme Court if necessary, but it has meanwhile glimpsed the possibility that Donald Trump returns to the highest increases he had threatened to impose.

Although the news made a wind of relief breathed on the markets on Thursday, Goldman Sachs analysts stress that this decision does not block sectoral customs duties and that there are other legal paths allowing Trump to impose general customs duties and specific to certain countries.

To values, luxury is in green, Kering, LVMH and Hermes taking between 1.68% and 2% and pulling the European luxury compartment which earns 1.02%.

The automotive index takes 1.11%, carried in particular by increases of approximately 2.5% for Forvia and Stellantis.

The semiconductor sector is also progressing, driven by the feeling and results of Nvidia. The technological values ​​compartment took 1.6% with increases of 3.33% to 4.50% for Besi, ASML and Stmicroelectronics.

(Written by Mara Vîlcu, edited by Augustin Turpin)

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