Global stock markets rallied for a second consecutive day following U.S. President Donald Trump's announcement of easing some tariffs, particularly on electronics and potentially on automobiles. European, Asian, and U.S. shares advanced as investors responded positively to the prospect of temporary exemptions on tariffs affecting vehicles and parts. The easing of tariffs helped stabilize U.S. Treasury yields after a recent historic selloff. Key indices such as India's Sensex and Nifty rose over 2%, reflecting the broader market optimism. Despite the positive market reaction, new trade investigations indicate that underlying trade tensions remain unresolved.