European markets conducted a historical recovery on Thursday morning after the euphoric growth of Wall Street after US President Donald Trump announced an unexpected 90-day break in countries for countries that did not respond against US commercial measures, with the exception of China.
Euro Stoxx 50, which accompanies the first companies in the eurozone, increased by 8.2% to almost 5,000 points, which is the strongest pace from the beginning of the pandemic in March 2020. Large euros of Stoxx 600 increased by 7.4%, while national indices throughout the continent registered equally strong income.
Germany DAX grew by 8.5%, FTSE MIB in Italy increased by 8.4%, France CAC 40 Advanced by 8.6%, and the Spanish IBEX 35 grew by 8.3%, and all reference rates were ready to register the highest profits in more than four years.
Recovery followed the dramatic change in commercial policy in the United States on Wednesday, when President Trump reduced customs rates, supporting a “mutual” universal rate of 10% for all countries that did not respond and offered a three -month trade window. Nevertheless, the customs rights to Chinese imports were increased to 125%in response to recent measures of reimbursement of Beijing.
“The current situation is not just chaotic, it is crazy,” said Karsten Bzeski, the world director for macroeconomics ING.
“Although this can bring some short -term relief for European exporters, the loss of power of attorney will be long,” he said.
The President of the European Commission Ursula von der Lain considered the measure “an important step towards stabilizing the world economy”, confirming the EU obligation to start “constructive conversations with the United States” with the widest goal of “achieving trade without friction and mutually beneficial”.
Dzhan Marco Salsioli, the world market strategy at Banco Sanpaolo Bank, described this measure as an exemplary case “Brinkmhashpishy”, strategies that includes a calculated climb to force part of the conflict in the conflict.
He also pointed out tensions in the US Treasury markets as the main factor that caused the change of White House.
According to Salsioli, the growth of profitability indicators is lit by red notification in Washington, which led to a rethinking of the current tariff rise.
Salsioli also wondered if the dwarding campaign was really compatible from the point of view of Trump “First” of America, assuming that the announcement on Wednesday may have been the first significant concession to market pressure.
“Investors in obligations are vigilant obligations in the economy. That is, if the tax and monetary authorities do not regulate the economy, investors will do this in the names, ”said the analyst of ED Eddeni.
Nevertheless, Goldman Sachs analysts issued the US recession on Wednesday, shortly after the unexpected trade policy of President Trump.
Promotional prices were widespread throughout the continent. In the Euro Stoxx 50 Index, Deutsche Bank Rose 13.09%, The Kering Earned 12.93%, Asml Holding Rose 12.75%, Banco Bilbao Vizcaya Argentaria Rose 12.20%, Simens AdDED 12.15%, The Philips Increased BY 11.95%, Airbus Won 11.85%, The Airbus Unicredit Rose 11.72%and Adidas advanced 11.68%.
German DAX headed Infineon, which grew by 15.20%, followed by Heidelbergcental, with a increase of 14.46%. Puma increased by 13.45% and Zalando by 12.72%.
In Italy, Prysmian registered a jump by 15.40%, the IVECO group increased by 12.89%, Generali banking grew by 12.79%, and styrenelectronics increased by 12.63%.
France CAC 40 was due to Arcelormittal, which grew by 13.56%, followed by Kering, which grew by 12.93%. Styroelectronics registered an increase of 12.22%, Publicis 12.18%, Airbus 10.95%and Schneider Electric Rose 10.26%.
In IBEX 35 in Spain, Bankinter grew by 14.48%, and Bank Sabadell Bank grew by 11.88%. Caixabank grew by 11.29% and Banco Santander 11.26%.