By Nell Mackenzie
LONDON (Reuters) – The dollar fell broadly on Monday, while European stocks jumped, after an official for the incoming U.S. administration said President-elect Donald Trump would stop short of imposing tariffs at his inauguration, which takes place later in the day.
European equity markets were firmly in positive territory in afternoon trading after the Wall Street Journal reported Trump would not impose import tariffs immediately after he’s sworn in later on Monday.
The pan-European STOXX 600 rose 0.3%, with the region’s main indices all up roughly 0.5%. MSCI’s All-World index was last up 0.4%.
The dollar tumbled by as much as 1.3% at one point, falling particularly hard against the currencies of the United States’ largest trading partners, such as the Canadian dollar, the Mexican peso, the euro and China’s yuan.
Trump takes the oath of office at noon Eastern…