Around 09:05 in Lisbon, the EuroStoxx 600 was down 0.52%, reaching 550.06 points.
The stock exchanges in London, Paris, and Frankfurt decreased by 0.10%, 0.52%, and 0.64%, respectively, while those in Madrid and Milan fell by 0.39% and 0.90%.
In Lisbon, the main index, PSI, was down 0.13% to 7,757.98 points at 09:05, following the opening trend. This was compared to the current high since May 6, 2011, of 7,791.75 points, noted on July 9.
In the United Kingdom, the Gross Domestic Product (GDP) contracted by 0.1% in May, primarily due to a decline in the industrial sector.
In Germany and France, the year-on-year Consumer Price Index (CPI) for June is expected to be released today.
The declines in European markets follow after Trump threatened to impose a 35% tariff on Canada starting August 1 and mentioned the possibility of reconsideration if Canada helped to curb the flow of fentanyl to the U.S. or removed its barriers.
The fentanyl crisis and the tariffs up to 400% imposed by Canada on American dairy products were main factors behind this decision.
Meanwhile, the European Union (EU) trade ministers will hold an extraordinary Council meeting on Monday, July 14, to decide whether or not to apply the EU trade policy.
Wall Street closed on Thursday with the Nasdaq index hitting a new all-time high early in the session.
The Nasdaq, a high-tech stock index, finished up 0.09% at 20,630.66 points, marking a new all-time high.
The Dow Jones ended up 0.43% at 44,650.64 points, compared to its highest level since the index’s creation in 1896, which was 45,014.04 points on December 4, 2024.
In Asia, the Tokyo Stock Exchange closed mixed, with gains on Wall Street overnight boosting the market but affected by a fall in Fast Retailing, Uniqlo’s parent company, after results that fell short of expectations, with the Nikkei index down 0.19% and the Topix gaining 0.39%.
Meanwhile, the benchmark index of the Shanghai Stock Exchange gained 0.01%, the Shenzhen index rose 0.61%, and Hong Kong’s Hang Seng climbed 0.93% before closing.
Brent crude, the European benchmark, for September delivery rose to $68.92, compared to $65.64 on Thursday.
West Texas Intermediate, the U.S. benchmark crude, advanced to $65.63 before the market’s official opening.
Gold per troy ounce, a safe-haven asset, increased to $3,334.15, compared to $3,315.19 on Thursday, and the current all-time high was $3,432.34 on June 13.
The 10-year German bond yields remained at 2.703%.
The euro climbed to $1.1692 in the Frankfurt foreign exchange market, compared to $1.1686 on Thursday and reached a new high since September 15, 2021, of $1.789 on July 2.
