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European stocks down as they choose to take profits


Around 9:10 a.m. in Lisbon, the Paris stock exchange fell 0.52%, while those in Frankfurt and Madrid declined by 0.20%. Meanwhile, London and Milan recorded slight gains of 0.02% and 0.05%, respectively.

In the Lisbon stock market, the main index, PSI, advanced 1.26% to 7,878.42 points.

The drop occurs as U.S. index futures dip 0.2%, following Wall Street’s mixed close on Friday where United States President Donald Trump and Russian President Vladimir Putin failed to reach a peace agreement on the war in Ukraine.

In New York, the Dow Jones Industrial Average climbed 0.08% to a new all-time high, while the S&P 500 dropped 0.29% and the Nasdaq Composite fell 0.4%.

In Asia, Tokyo hit record highs with an increase of 0.77%, Shanghai rose 0.85%, Hong Kong edged up by 0.03%, and Seoul declined by 1.5%.

The focus today, according to Renta4 Banco, will be on the meeting in Washington involving Trump, Zelensky, and other European leaders. Additionally, trade balances for Spain and the Eurozone for July will be released.

The yield on long-term German bonds fell nearly three basis points to 2.759%.

The euro traded at $1.1701, down 0.02%, while in the commodities market, Brent crude oil increased by 0.15% to $65.95 per barrel.

The troy ounce of gold gained 0.41%, reaching $3,349.6.

Bitcoin depreciated by 1.9%, trading at $15,470.

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