Stocks Rise in March, With Netflix Set to Set a Record – Europe Market Wrap

US market futures showed that the big Wall Street surge of the past two days is on track, driven by a flurry of impressive corporate reports and signals that US tariffs on trade partners could be less harsh than expected.

Contracts for the tech-heavy Nasdaq 100 increased by nearly 0.9%, boosted by premarket advances in Netflix and Oracle. The Dollar index fell to its lowest level in a month, indicating relief that Trump has refrained from imposing harsher penalties on trade partners at the start of his term.

Fears that the new administration’s protectionist policies would derail global growth and spark US inflation had pushed the Dollar to a 13-month high earlier in the month and driven up bond yields. Instead, Trump’s first two days in office have been mainly positive for mood, with investors focussing on his pro-business initiatives.

Technology equities helped fuel advances in Europe’s Stoxx 600 on Wednesday, putting it on track for a new record.