
TOKYO (AP) — European shares have opened higher after Asian markets soared, with Germany’s benchmark initially surging 8% and Japan’s jumping 9% as investors welcomed U.S. President Donald Trump’s decision to put his sharp tariff hikes on hold for 90 days. However, U.S. futures edged lower and oil prices also declined. Analysts had expected the global comeback given that U.S. stocks had one of their best days in history on Wednesday as investors registered their relief over Trump’s decision. In early trading, Germany’s DAX gained more than 8% and benchmarks in London and Paris gained more than 6%. Chinese shares saw more moderate gains, given yet another jump in the tariffs each side is imposing on each others’ exports.