Despite Wall Street's trajectory, the Vienna Stock Exchange is experiencing growth.

The Vienna Stock Exchange saw a significant recovery rally on Thursday, with the ATX index climbing 3.15 percent to 3,715.53 points. This surge was driven by a combination of factors, including a partial easing of global trade tensions and solid earnings reports from local companies.

European leading stock exchanges also showed a recovery rally following US President Donald Trump's decision to partially ease tensions in the global trade conflict. Trump announced a 90-day pause on certain tariffs for some countries, sending US stock markets soaring the previous day. However, US stock markets pulled back significantly on Thursday.

Locally, the leading index jumped almost nine percent in early trading. Companies such as CA Immobilien, DO & CO, Erste Group Bank AG, Mayr-Melnhof Karton AG, OMV AG, Österreichische Post AG, Raiffeisen, Schoeller-Bleckmann, Telekom Austria AG, Verbund AG, Vienna Insurance, and Wienerberger AG recorded stock price increases.

The most notable gainers in the prime market segment were the shares of aerospace supplier FACC, up 7.1 percent, and DO&CO, a catering company, which saw a 5.8 percent increase. Other notable gains include Erste Group, which increased by 5.6 percent, Raiffeisen Bank International, up 5.3 percent, and Palfinger, which gained 4.7 percent.

UBM, a company that reduced the deficit before taxes by 40 percent compared to 2023, also saw a positive response. Total revenue at UBM was increased by half to 424.9 million euros, and turnover at the company was increased by a quarter to 106 million euros. Analysts at Erste Group confirmed the preliminary results presented by UBM. Despite reporting a loss of 23.2 million euros in the past year, UBM's strong earnings contributed to the market's gains.

However, few company-specific news were observed on the local stock market, and the Vienna Stock Exchange closed with strong gains but below its daily high. BAWAG shares rose by 5.1 percent, and Rosenbauer and KapschTrafficCom also saw more than a six percent increase in share price.

At the same time, Trump announced an increase in the tariff rate for Chinese imports from 104 to 125 percent, which may have contributed to the pullback in US stock markets. Nevertheless, the European Central Bank's decision to keep the deposit rate unchanged at 2.0% stabilized the market, providing a positive backdrop for the Vienna Stock Exchange's recovery rally.

Despite Wall Street's trajectory, the Vienna Stock Exchange is experiencing growth.