Trump's policies, including tariff has given Europe an unexpected spur to action.
Trump displays a cross given to him by Elpidophoros of America , a bishop of the Ecumenical Patriarchate of Constantinople, during a Greek Independence Day celebration in the East Room of the White House in Washington, DC, AFPpix
Yet while some analyst notes now include the phrase “Make Europe Great Again” - a play on Trump's MAGA slogan - the surge in optimism ignores Europe's unresolved problems: high energy costs, a fragmented internal market, and looming tariffs from its biggest customer, the United States. While that is still less than the 2% predicted for the United States, there was further positive news on Monday as closely watched factory gate data showed euro zone business growth expanding at its fastest pace in seven months.
Any sustained investment gains in Europe are unlikely until the fog surrounding Trump's plans clears. Indexes that measure trade and broader economic policy uncertainty using sources such as newspaper articles, disagreements among forecasters and filings have shot to all-time highs.
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