{"id":121495,"title":"European markets are poised for a powerful rally at the open","publisher":"Share Talk","author":"sharetalk","published":"2025-04-10T06:52:08+00:00","modified":"2025-04-10T06:52:08+00:00","canonical_url":"https://www.share-talk.com/european-markets-are-poised-for-a-powerful-rally-at-the-open/","markdown_url":"https://www.share-talk.com/european-markets-are-poised-for-a-powerful-rally-at-the-open.md","json_url":"https://www.share-talk.com/european-markets-are-poised-for-a-powerful-rally-at-the-open.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Financial","Technology","Technology, Media & Telecoms"],"tags":["British Gas","Centrica","FTSE 100","FTSE 250","Glencore","JD Sports","Rio Tinto","Rolls Royce"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FTSE-100-11_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"European markets are poised for a powerful rally at the open, with trading set to begin in less than 30 minutes.\n\nFutures indicate London’s FTSE 100 will jump nearly 400 points, a gain of more than 5%, while Germany’s DAX is expected to surge 7% as investors react positively to Donald Trump’s decision to delay new tariffs for 90 days. Under the revised plan, most countries—excluding China—will face a new baseline tariff of 10%.\n\nFinancial stocks are also expected to shine, with Eurostoxx Banks index futures up more than 10%.\n\nThe optimism follows a dramatic turnaround on Wall Street last night, where the S&P 500 posted its third-strongest daily gain since World War II.\n\nDeutsche Bank strategist Jim Reid summed up the dramatic shift in market sentiment:\n\n“Market turmoil flipped to euphoria yesterday after President Trump announced a 90-day pause on reciprocal tariffs for all countries except China, marking a significant de-escalation from last week’s aggressive tariff stance. The news sparked a powerful relief rally, with the S&P 500 surging 9.52%—its strongest single-day gain since October 2008. Other risk assets also rallied, including credit and commodities, while gold jumped 3.33%, its biggest daily rise since 2023. Meanwhile, 2-year Treasury yields climbed 18.2 basis points, the largest move in six months.”\n\nTrump’s announcement detailed a 90-day suspension of reciprocal tariffs on non-retaliating countries, who will instead face a baseline 10% tariff. China, however, was singled out for harsher treatment, with its tariff rate hiked to 125%, up from 104% the previous day. This was in direct response to China’s earlier move to impose 84% tariffs on U.S. goods, effective immediately."}