At 09:00 in Lisbon, the EuroStoxx 600 had advanced 1.75% to 516.62 points.
The stock markets in London, Paris, and Frankfurt rose by 1.42%, 1.95%, and 2.46%, respectively, while those in Madrid and Milan increased by 1.31% and 0.98%.
The Lisbon stock exchange maintained its opening trend, with the main index, PSI, advancing 0.31% to 6,851.09 points at 09:00.
Following the reduction of tariffs imposed by the U.S. President, Donald Trump, on China, the main index in Tokyo, the Nikkei, saw a rise of 1.89% today.
The Nikkei was buoyed by prospects of some relief from trade tensions between the U.S. and China, while the more comprehensive Topix, which includes major large-cap companies, increased by 2.06%. In Hong Kong, the main stock index, the Hang Seng, rose 2.62% at closing.
The Shenzhen market also gained 0.67%, while the benchmark index of the Shanghai Stock Exchange lost 0.10%.
On Tuesday, Wall Street closed with gains of 2% during a recovery session driven by remarks from U.S. Treasury Secretary Scott Bessent regarding his hopes for a thawing in the trade war with China.
The Dow Jones ended up by 2.66% to 39,186.98 points, compared to the all-time high since its inception in 1896, which was 45,014.04 points on December 4, 2024.
The Nasdaq, a high-tech index, also advanced, closing up by 2.71% to 16,300.42 points, against an all-time high of 20,173.89 points recorded on December 16, 2024.
On Tuesday, Trump stated that the high tariffs he imposed on Chinese imports would eventually be “substantially reduced” and expressed optimism about reaching a deal between the U.S. and China.
Tesla’s net profit in the U.S., announced on Tuesday, dropped by 71% in the first quarter of the year to $409 million.
Today, S&P Global releases the preliminary PMI for the manufacturing and services sectors for the eurozone, including its major economies, Germany and France, as well as the UK and the U.S., for April.
Analysts at Link Securities, cited by Efe, indicated that the manufacturing sector is expected to continue contracting, while the services sector might expand slightly, despite global uncertainties.
The yield on Germany’s 10-year bonds, deemed the safest in Europe, rose to 2.480% from 2.442% in the previous session.
The euro was down in the Frankfurt foreign exchange market, trading at $1.1402, compared to $1.1434 on Tuesday and $1.1509 on Monday, which was a new peak since November 12, 2021.
The price of an ounce of gold, a safe-haven asset, was declining to $3,310.72, compared to $3,393.09 on Tuesday and a record high of $3,414.65 on Monday.
In contrast, the price of Brent crude for June delivery, a European benchmark, rose by more than 1%. Brent was up by 1.35% to $68.47 per barrel, and West Texas Intermediate (WTI) increased by 1.44% to $64.59.
