European stocks are bouncing on Wednesday after Donald Trump’s Congressional speech on Tuesday evening, struck a much less divisive and more constructive tone, in a speech that was dubbed his most “presidential” since taking the office of president.
Investors have taken some heart in that on the day, and all major bourses have gained substantially in early morning trade as a consequence.
In Britain, the FTSE 100 is up by 0.62% to 7,308 points by around 8.25 a.m. (3.25 a.m. ET), led higher by three companies gaining more than 3%.
Retailer Next, building materials supplier CRH, and aerospace firm GKN have all gained 3% or more. At the other end of the index, gold miners Fresnillo and Randgold Resources have fallen as a result of the precious metal losing ground following Trump’s speech.
Here is how the index looks so far on the day:
Elsewhere on the continent, gains are a little stronger, with Germany’s DAX up 1.15%, and France’s CAC 40 gaining 1.03% on the back of the speech. Here is the scoreboard:
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