By 09:00 in Lisbon, Madrid’s stock exchange registered the highest rise, with a gain of 0.52%, followed by Paris at 0.50%, Milan at 0.33%, Frankfurt at 0.19%, and London at 0.13%.
The Euro Stoxx 50, the index of the biggest companies by market capitalization in Europe, also recorded a gain of 0.24%.
Following Tuesday’s rise, the euro depreciated today by 0.20% against the dollar, trading at 1.177 dollars.
Markets are assessing progress in the United States’ trade agreements with the rest of the world after U.S. President Donald Trump suggested recently the idea of raising tariffs on Japanese imports to 30% or 35%, while a provisional agreement with India could be concluded this week.
Additionally, the U.S. House of Representatives is set to begin the final vote on the budget and tax text presented by Donald Trump, after its approval by the Senate on Tuesday night in a tight vote where Vice President J.D. Vance’s vote was decisive.
Stock markets will also be closely watching the speech by European Central Bank (ECB) President Christine Lagarde at the Forum held in the city of Sintra, which concludes today.
Eurozone unemployment figures for May will also be released today.
Wall Street closed the last session mixed, with the Dow Jones Industrial Average being the only index to rise, advancing 0.91%, while the S&P 500 fell 0.11% and the Nasdaq 0.82%.
In Asia, the Nikkei index on the Tokyo Stock Exchange closed down 0.58%, while the benchmark index on the Shanghai Stock Exchange fell 0.09%, and the Hang Seng on the Hong Kong Stock Exchange rose 0.56% minutes before closing.
Commodities are down today, with Brent crude, the European benchmark, down 0.18% to $66.68 per barrel, while West Texas Intermediate, the American benchmark, also fell 0.31% to $66.25 per barrel before the market officially opened.
Gold also declined by 0.30%, with the price of an ounce trading at $3,340.
