Investors exuberant as Trump signals shift from austerity era

European stocks rose on Thursday following extraordinary gains in Asia and the United States, as exuberance shot through markets and reversed initial dives in reaction to Donald Trump's U.S. presidential victory. Investors focused on Trump's priorities - including tax cuts and higher infrastructure and defense spending, along with bank deregulation - and set aside for the moment longer-term worries about whether he will slap punitive tariffs on Chinese and Mexican exports, risking a global trade