European and Asian stocks jolt back to life as Trump backs off on his trade war

Open this photo in gallery: An electronic board shows Japan’s Nikkei 225 stock index in Tokyo on Thursday, April 10.The Associated Press European and Asian markets surged in a relief rally triggered by U.S. President Donald Trump's surprise decision on Wednesday to pause additional tariffs on countries willing to negotiate trade deals with Washington. As "buy" orders flooded in to the point of creating trade bottlenecks on European exchanges, some economists dropped the recession predictions that they made before Mr. Trump's stunning reversal. Goldman Sachs had put the chances of a U.S. recession at 65 per cent. Its new forecast…