Wall Street reduces losses after postponing import tariffs with Mexico, Bel20 index ends 1.21 percent lower

The Dow Jones index was on Monday, before the second trading day in a row, in the red after the announcement that from 1 February there would be import duties on products from Mexico and Canada. Those taxes, of 25 percent, were an initiative of the new US President Donald Trump.

But on Monday a maintenance followed with the Mexican president and she announced afterwards that the taxes are being postponed. Mexico promised to use 10,000 soldiers on the border with the US. There is no delay for Canada, but there are conversations.

Relieved to the stock markets. The Dow Jones index, which previously recorded 400 points lower, limited the loss to 140 points (or 0.3 percent) after the announcement. Also in Brussels the Bel20 reduced the loss a bit, although most shares are still in red. The Mexican peso then again became 0.1 percent more expensive compared to the dollar.

But analysts warn about the Bloomberg press agency that there is still a lot of uncertainty, for example about the size and duration of the input taxes if they would be effective. And that uncertainty costs money.

Trade boats push Bel20 index 1.21 percent lower

The increased international nervousness on the trade sanctions of US President Donald Trump also weighed on the Brussels stock exchange on Monday. The Bel20 index slipped 1.21 percent to 4,273.75 points.

Of the twenty shares that count for the calculation of the indicator, seventeen ended in red. The largest daily losses were for Lotus Bakeries, GBL and WDP. The cookie baker, who will publish his results for 2024 later this week, gave 2.33 percent prize with a final rating of 10,060.00 euros, the holding fell 2.31 percent to 65.65 euros and the investor in logistics buildings fell 2.21 percent back to 20.34 euros.

On the broad market, the Greek Viohalco left 6.16 percent at a final price of 5.64 euros.

GIMV was cut 3.54 percent to 36.80 euros. The holding takes a participation in Robojob from Heist-op-den-Berg, which develops automation solutions. She does that next to the De Roovere founding family. The entry into the investment company must support the international growth of the company.

KBC Ancora was 1.73 percent lower at the final bell at 51.20 euros. The holding above KBC achieved a profit of 73.9 million euros in the first half of his financial year 2024/2025. In the same period of the previous financial year, the counter remained at 72.9 million euros. The holding above KBC in 77.5 million euros in dividends. On the other hand, he spent 1.5 million euros on his operation and 2.3 million euros in interest costs.

Agfa-Gevaert finished 0.57 percent lower at 0.87 euros. The company reached an agreement with its trade unions. During the intended restructuring, no 530, but only 470 jobs, disappear.

Profit was mainly for Galapagos in the index shares, which took 0.90 percent to 22.36 euros.

Elia slipped 0.23 percent to 65.40 euros. The operator of the high-voltage network received a subsidy of 645 million euros for the future Bornholm Energie island between Germany and Denmark and a subsidy of 21.8 million euros for further studies into the submarine power cable between Belgium and Denmark.

With the smaller values, Hyloris climbed 2.60 percent to 5.52 euros. The company indicated Colonis Pharma for the distribution of its Middel Xtraza in the United Kingdom. It is used for patients who take blood thinners and have to undergo a tooth extraction.

By Editor

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