US stocks rise 1% after 2 sessions of decline

US stock indices rose for the first time in three sessions, following President Donald Trump's decision to exempt automakers from new tariffs for one month, provided they benefit from an agreement between the US, Canada, and Mexico.

At the end of Wednesday’s trading, Dow Jones gained 1.15% or 485 points at 43,006 points.

The S&P 500 added 1.1%, or 64 points, to 5,842 points, while the Nasdaq index rose 1.45% or 267 points, to 18,552 points.

As for European markets, the STOXX Europe 600 inched up 0.9% to 556 points, with gains limited by declines in the utilities and energy sectors.

The British FTSE index was unchanged at 8,755, while the French CAC 40 index rose 1.55% to 8,173 points. The German DAX index soared by 3.4% to 23,081 points.

The Nikkei 225 index advanced 0.25% to 37,418 points, and the broader Topix index gained 0.3% to 2,718 points.

Brent crude futures for May delivery fell 2.45%, or $1.74, to $69.3 per barrel.

The US West Texas Intermediate (WTI) crude futures for April delivery also dropped by 2.85%, or $1.95, to $66.31 per barrel.

Regarding gold, futures prices for April delivery were up 0.2%, or $5.4, to $2,926 per ounce.