European markets opened euphorically following Trump's sudden 90-day tariff suspension announced late Wednesday, with Paris' CAC 40 surging over 6%. The EU formally suspended its retaliatory measures for the same 90-day period. Meanwhile, China remained isolated as the only country facing increased tariffs, now reaching 145%, prompting Beijing to promise it would "fight to the end."
Questions emerged about potential market manipulation, with Democratic lawmakers demanding an investigation into whether Trump committed insider trading before his policy reversal.
By afternoon, Wall Street opened lower amid renewed China tensions, reversing the previous day's gains.
In domestic news, former teacher accused in teenager Evaëlle's suicide was acquitted, Prime Minister Bayrou agreed to testify before parliamentary commission investigating Catholic school Bétharram abuse scandal, and the Cannes Film Festival announced its 2025 lineup featuring Julia Ducournau and Wes Anderson.