Around 09:15 in Lisbon, the EuroStoxx 600 was down by 0.36% at 545.35 points.
The stock exchanges in Paris and Frankfurt fell by 0.69% and 0.71%, respectively, while those in Madrid and Milan slid by 0.58% and 0.52%.
London was the exception, rising by 0.24%.
Lisbon’s market maintained its opening trend, with the main index, the PSI, retreating by 0.33% to 7,701.81 points at 09:15, contrasting with the recent peak since May 6, 2011, of 7,791.75 points, noted on July 9.
In a session lacking significant macroeconomic references in both the United States and Europe, stock markets reacted to the announcement by U.S. President Donald Trump on Saturday of 30% tariffs on European Union and Mexican products.
European Commission President Ursula von der Leyer responded by postponing countermeasures against Trump’s tariffs until August.
Today, EU trade ministers are set to meet in an extraordinary council to coordinate their response.
There is anticipation that negotiations may lead Trump to reduce the tariffs from the announced 30% to 10% for all products, except steel, aluminum, and automobiles, which would remain at 25%, potentially limiting losses, according to analysts from Renta.
In Asia, the benchmark index of the Tokyo Stock Exchange, the Nikkei, closed with a decline of 0.31%, while the Shanghai Stock Exchange index gained 0.27%, and the Shenzhen Stock Exchange index lost 0.11%.
The value of trade between China and the rest of the world, denominated in yuan, increased by 5.2% in June, year-on-year, nearly doubling the pace from the previous month (2.7%), when it was impacted by the trade war with the United States.
Wall Street futures fell by about 0.60% across the three indices.
Wall Street closed lower on Friday.
The Nasdaq, an index of high-tech stocks, closed down 0.22% at 20,585.53 points.
The Dow Jones ended with a drop of 0.63% to 44,371.51 points, compared to the historical maximum since the index was created in 1896, of 45,014.04 points, on December 4, 2024.
Meanwhile, Bitcoin reached a new all-time high today at 6:26 in Lisbon, hitting $123,000 during the so-called cryptocurrency week, as leaders of the U.S. House of Representatives will debate various cryptocurrency-related bills.
Brent crude oil, the European benchmark, for September delivery, is rising to $70.75, compared to $70.36 on Friday.
West Texas Intermediate crude, the U.S. benchmark, advances to $68.76 before the official market opening.
The price of gold per troy ounce, considered a safe haven asset, was climbing to $3,370.67, against $3,354.54 on Friday and its current all-time high of $3,432.34, on June 13.
The yield on Germany’s 10-year bond rose to 2.726%, from 2.723%.
The euro fell to $1.1676 on the Frankfurt foreign exchange market, from $1.1689 on Friday and a new high since September 15, 2021, of $1.1789, on July 2.
