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Profits significantly reduced by half, yet Austin (ATX) remains with a 4.3% increase.

Strengthened European Stock Market Following Announced Pause in US Tariffs. Domestic Index Fails to Reach Daily High Once More.

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Profits Reduced by Half - ATX Yet Still Showing a 4.3% Rise
Profits Reduced by Half - ATX Yet Still Showing a 4.3% Rise

Profits significantly reduced by half, yet Austin (ATX) remains with a 4.3% increase.

In a notable turn of events, the Vienna Stock Exchange saw a significant recovery rally on Thursday, with several key companies recording impressive gains. The surge can be attributed to the announced pause in US tariffs.

The ATX, a leading index for the Vienna Stock Exchange, rose by 4.36% to 3,759.28 points in the afternoon trading. This increase follows an initial jump of almost 9% in early trading.

One of the standout performers was Gurktaler, which saw a 7.7% increase to 14 euros, making it the strongest riser at the exchange. FACC followed closely with a 3.8% rise to 9.29 euros, while Agrana and Zumtobel recorded gains of 3.28% and 2.48% respectively.

Other notable risers included BAWAG, CA Immobilien, Erste Group, Rosenbauer, Palfinger, Wienerberger, and Lenzing, all of which saw their share prices increase by more than 6%. Raiffeisen Bank International shareholders could also book a price increase of 5.3 percent.

The technology sector also saw gains, with AT&S appreciating by 3.7 percent. The shares of the Lower Austrian oil field service provider Schoeller-Bleckmann also climbed by 4.3 percent.

The cardboard manufacturer Mayr-Melnhof saw a plus of 5.4 percent, and DO&CO recorded the highest increase in the prime market segment with a plus of 8.9%. UBM increased by 2.3 percent, and the Vienna-based real estate developer recorded a loss of 23.2 million euros in the past year. However, the deficit before taxes was reduced by 40% compared to 2023, and the total performance was increased by half to 424.9 million euros, with the turnover by a quarter to 106 million euros.

Trump's announcement of a 90-day pause and a significantly reduced new tariff rate also caused a surge on Wall Street the previous day, leading to a European stock market recovery rally. The US presidential administration has maintained a basic tariff rate of 10% for almost all imports into the USA. However, Trump also announced that he would increase the tariff rate for goods imported from China from 104% to 125%.

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