European stocks and Wall Street futures rose on Thursday after a U.S. federal court blocked President Donald Trump's so-called "Liberation Day" tariffs from going into effect, sending the dollar up on safe-haven currencies.

The long-term bearish case for the dollar remained intact after a court ruled that the vast majority of President Donald Trump’s global trade tariffs are illegal, amplifying uncertainty over the US economic outlook.

Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. U.S. futures jumped early Thursday and oil prices rose more than $1.