Global stock markets mostly rose Thursday following a tech-fuelled rally on Wall Street spurred by US president Donald Trump's massive AI-investment announcement.

Investors have largely welcomed the first few days of Trump 2.0 as he held off immediately returning to the hardball trade policies of his first term.

However, warnings that China, the European Union, Canada and Mexico could be hit by tariffs as soon as February 1 have given cause for concern.

"Investors are still weighing Trump's tariff talk, though history suggests his bark often echoes louder than his bite," said Matt Britzman, senior equity analyst at Hargreaves Lansdown.

In Europe, London retreated from its record highs but Frankfurt pushed on with its........

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