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(Bloomberg) -- Stocks in Europe and Asia rose as US President Donald Trump floated a potential pause in auto tariffs, providing further relief to the market after he suspended levies on some consumer electronics.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageEurope’s Stoxx 600 index

Respondents to BofA's monthly survey of fund managers were a net 36% underweight U.S. equities, the most in nearly two years, a number that has plunged by 53 percentage points since February, the biggest such fall on their records. The trend looks set to continue, as a record number of respondents also said they intended to cut allocations to U.S. equities. U.S. President Donald Trump's aggressive tariff plans have sparked a selloff in U.S. assets, including stocks, the dollar and Treasury bonds.

European markets are set to open higher, and the euro maintains its strength against the US dollar after US President Donald Trump hinted at potential auto tariff relief.View on euronews

U.S. stocks are rising Tuesday in a rare quiet day for financial markets, for now at least. The S&P 500 was up 0.3% in afternoon trading, though it’s been prone to huge swings not just day to day but also hour to hour. The day before, it went from a gain of 1.8% to a slight loss back to a gain as it struggled to keep up with shifts in President Donald Trump’s trade war, which economists warn could cause a global recession unless it’s scaled back.

U.S. stocks drifted Tuesday through a rare quiet day for financial markets. The Dow Jones Industrial Average fell 155 points, or 0.4%, and the Nasdaq composite edged down by less than 0.1%. The modest moves offered some respite following the huge swings that have battered Wall Street recently, not just day to day but also hour to hour.

Palantir shares jumped nearly 5% Monday to extend last week’s recovery following news that NATO had acquired the analytics software provider’s AI-enabled military system. Monitor these key levels on the weekly chart.

"I'm looking at something to help car companies with it," President Donald Trump told reporters.

The death cross last flashed for both indices in March 2022, which was the early days of a painful bear market.

BOSTON/LONDON (Reuters) -Some trade policy relief and strong bank earnings helped push Wall Street up slightly on Tuesday, while U.S. government bonds and the dollar were steady, after U.S. President Donald Trump touted possible tariff changes on autos. Trump said on Monday he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. The main U.S. stock indexes ticked higher on Tuesday, with Bank of America, Citigroup and Wells Fargo gaining after the trio of banking giants posted strong profits for the first quarter.

Webull explored going public during the 2021 stock market boom, but a sharp bear market in 2022 sidelined those plans.