Donald Trump’s sudden reversal on implementing new American tariffs was expected to boost the Dow Jones by 7.87% on Wednesday evening, while the Nasdaq was anticipated to soar by 12.02%.
European markets were naturally set to follow Wall Street’s lead, with the BEL 20 index expected to climb 7.45% to 4,150 points after a slight delay in its calculation.
Within the initial minutes of trading, KBC (86.60), Melexis (51.40), Syensqo (62.50), and Umicore (8.63) saw gains exceeding 15%.
UCB (145.45) and arGEN-X (527.40) rebounded by 12.4% and 11%, respectively.
Solvay (33.90) also showed a 14% increase, with D’Ieteren (164.40) appreciating by 9.1%, and WDP (20.52) rising by over 7%, similar to Montea (60.11) and GBL (66.90).
Outside the BEL 20, ING (16.62) regained 10% and Aperam (26.46) surged over 8%, alongside gains in Viohalco (5.10), Barco (12.39), and IBA (10.48).
By 09:00, the euro was trading at $1.0975, compared to $1.1045 the previous day at 16:30.
Gold bullion was trading around €91,415, an increase of €1,820.
