At around 09:00 in Lisbon, the EuroStoxx 600 index rose by 0.33% to 553.89 points.
Markets in London, Paris, and Frankfurt increased by 0.27%, 0.41%, and 0.12%, respectively, while Milan saw a gain of 0.82%. However, Madrid’s stock exchange was an exception, declining by 0.06%.
Lisbon’s market reversed its opening trend, with its main index, the PSI, falling by 0.21% to 7,738.48 points at 09:00, after peaking at 8,020.36 points on August 21.
Bayrou suffered a heavy defeat on Monday when the confidence motion he initiated in the National Assembly failed, leading to his resignation and that of his government after just nine months in office.
Following Bayrou’s formal resignation today, President Macron is set to appoint a new prime minister to prevent the need for new elections.
In the bond market, France’s 10-year bond yields rose to 3.477% from 3.408%, and Germany’s increased to 2.652% from 2.641%.
In Asia, Tokyo’s Nikkei index closed down by 0.41%, while Shanghai’s benchmark index fell by 0.51% and Shenzhen’s by 1.23%.
Wall Street futures indicate slight increases, mirroring Monday’s close, with the Dow Jones up by 0.14% and the Nasdaq by 0.26%.
The Dow Jones finished up 0.25% at 45,514.95 points, nearing its highest level of 45,636.90 points reached on August 28 since its inception in 1896.
The Nasdaq, featuring highly tech-focused stocks, similarly closed up by 0.45% at 21,798.70 points, marking a new all-time high.
Thursday is expected to be one of the busiest days on the economic calendar this week, with the ECB likely maintaining rates at 2.15%. Markets will pay close attention to statements from Christine Lagarde and the official communiqué.
On the same day, in the United States, August’s CPI is set to be released, with year-over-year projections at 2.9% and 3.1% for the core version.
Unemployment claims data is also anticipated, providing a more comprehensive view of the U.S. labor market’s health.
In commodity markets, gold per ‘troy’ ounce, a safe-haven asset, continued its rise, reaching a new all-time high of $3,645.04 compared to $3,640.73 on Monday.
Brent crude, the European benchmark for November delivery, advanced to $66.56 from $66.02 on Monday.
West Texas Intermediate (WTI) crude, the U.S. benchmark, also increased by 0.93% to $62.85 ahead of the official market opening.
The OPEC+ alliance, led by Saudi Arabia and Russia, decided on Sunday to implement a new production increase of crude oil for October, adding 137,000 barrels per day, a smaller increment than in recent months due to weakening global demand.
Bitcoin, the most widely used and traded cryptocurrency, remained stable with a rise of 0.94% to $113,040.
The euro climbed to $1.1767 in Frankfurt’s currency market, compared to $1.1741 on Monday, achieving a new high since September 15, 2021, of $1.1789 on July 2.
