At 2:15 PM in Lisbon, the EuroStoxx 600 was up by 4.79% to 492.55 points, while the euro rose to $1.1114 on the Frankfurt foreign exchange market, marking its highest point since October 1, 2024, compared to $1.1020 on Wednesday.
Stock markets in London, Paris, and Frankfurt were advancing by 4.04%, 5.37%, and 5.20% respectively, while those in Madrid and Milan increased by 5.17% and 6.06%.
The Lisbon stock exchange maintained its opening trend, with its main index, the PSI, rising by 3.46% to 6,470.65 points at 2:15 PM.
European markets were buoyed by the euphoria observed the previous day on Wall Street, where, following the revelation that Trump was stepping back from his trade war, the main indicators surged.
The Nasdaq’s rise was the largest since 2001, the S&P 500’s biggest since 2008, and the Dow Jones’ most significant since 2020, after the Covid-19 pandemic.
Trump’s decision to retreat from his tariff policy and grant a 90-day reprieve for the implementation of most of the tariffs announced on April 2, excluding China, also had an impact in Asia.
The price of gold, considered a safe haven asset, was climbing to $3,129.85, compared to $3,092.86 on Wednesday, approaching the current historic high of $3,131.52, reached on April 2.
The price of Brent crude oil for June delivery, the European benchmark, was falling to $63.24, down from $65.48 in the previous session.
