The Danish C25 index, along with the rest of the stock market, has been under pressure from changing tariff announcements from US President Donald Trump. Since Thursday, however, the mood has turned, and on Tuesday the index is heading for the fourth consecutive trading day in the green. A quarter of an hour after the stock exchange opens - at 9.15 am - the C25 index is set to rise by around 1.7 percent. The C25 is composed of the 25 most traded shares on the Copenhagen Stock Exchange measured by turnover.
The transport company DSV, the cable manufacturer NKT and the energy company Ørsted are some of those who have had the best start to the day. Stock markets around the world have fluctuated back and forth in recent weeks in line with Trump's tariff announcements.
Economists and banks began to fear that the president's tariff plans could help send the world economy into a recession. A recession describes a period of economic decline. In a very short time, the Danish C25 index lost about 20 percent of its value and was sent down to a level not seen in several years. On Wednesday last week, Trump announced that he was partially putting his plans on hold for 90 days.
This created such relief in the markets that the American stock exchange on Wall Street in New York ended with the highest increases since 2008. The following day, the Danish C25 index followed suit with its largest increase ever. That is, since 2017, when the index was composed of the 25 most traded shares on the Copenhagen Stock Exchange measured by turnover.
With Tuesday's increase, the index is estimated to have increased by about ten percent since the bottom on April 9. It is therefore still far from having made up for lost time.
jel /ritzau/
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