At around 09:00 in Lisbon, the EuroStoxx 600 was down 0.99% to 540.68 points.
London, Paris, and Frankfurt stock markets fell by 0.61%, 1.55%, and 1.48%, respectively, while Madrid and Milan dropped by 0.61% and 1.13%.
Lisbon’s stock market maintained the opening trend, with its main index, PSI, down 0.92% to 7,640.89 points at 09:00, against the current maximum since May 6, 2011, of 7,791.75 points, recorded on July 9.
Trump issued two executive orders setting global tariff policies shortly before the deadline he set for negotiating taxes with trade partners.
One of these orders increases tariffs for Canada, while the other regulates tariffs for the rest of the world.
These measures benefit most countries by reducing some taxes from those announced on April 2, when Trump started the trade war.
Tariff adjustments raised duties to over 30% for countries without agreements, such as Switzerland, Serbia, and Myanmar.
In Asia, Tokyo’s stock market reacted with the Nikkei index dropping by about 0.6%.
Shanghai’s stock market lost 0.37%, and Hong Kong’s Hang Seng fell 0.80% shortly before the session’s end.
In the United States, Wall Street futures continued declining, having already closed down yesterday.
The Dow Jones ended down 0.72% to 44,130.98 points, compared to the all-time high since the index’s creation in 1896 of 45,014.04 points on December 4, 2024.
The Nasdaq, an index of high-tech listings, also closed lower, down 0.03% to 21,122.45 points, against its all-time high of 21,178.58 points on July 18.
Besides tariffs, investors focus on economic data: in the eurozone, the consumer price index (CPI) will be released, while the US will publish the official July employment report.
In the UK, S&P Global will release the manufacturing PMI.
Brent crude oil for October delivery fell to 71.66 dollars, down from 72.47 dollars on Thursday.
West Texas Intermediate, the US oil benchmark, also dropped to 69.16 dollars from 69.26 dollars before the market’s official opening.
Gold per troy ounce, a safe-haven asset, depreciated to 3,290.52 dollars, compared to 3,295.11 dollars on Thursday, and the current all-time high of 3,432.34 dollars on June 13.
Germany’s 10-year bond yields increased to 2.728% from 2.693%.
Bitcoin decreased by 1.28% to 115,033 dollars, after reaching an all-time high of 120,280.72 dollars on July 14.
The euro rose to 1.1428 dollars in the Frankfurt foreign exchange market, compared to 1.1423 dollars on Thursday and the new maximum since September 15, 2021, of 1.1789 dollars on July 2.
