Danish stocks close up amid trade war easing

The Danish C25 stock index closed in the green with a 3.3% increase following reports of a potential easing in the trade war between the U.S. and China. Out of the 25 stocks in the C25 index, 23 advanced. GN Store Nord and Mærsk’s A and B shares led the gains. The positive sentiment in global markets was attributed to softer tones from the Trump administration concerning both Federal Reserve Chairman Jerome Powell and the China trade war. President Trump announced that tariffs on Chinese goods would be significantly reduced but not eliminated. Additionally, the Wall Street Journal reported that the Trump administration is considering lowering the high tariffs on Chinese goods to de-escalate tensions. Currently, U.S. tariffs on Chinese goods stand at 145%, and fluctuations in trade messages from the U.S. have caused significant volatility in global stock markets.