At approximately 09:05 in Lisbon, the EuroStoxx 600 was down 1.13% to 569.81 points.
The stock markets in London, Paris, and Frankfurt fell by 0.01%, 0.03%, and 0.47% respectively, as did Madrid, which depreciated 0.47%.
The exception was Milan, which rose 0.11%.
The Lisbon stock exchange reversed its opening trend with the main index, the PSI, climbing 0.50% to 8,467.69 points, marking a new high since January 2010.
Investors are also focused, besides the eurozone’s Purchasing Managers Index (PMI), on the same indicator for France, Germany, Spain, and the United Kingdom, with the USA in the spotlight due to the private ADP employment change survey and tariff legality.
In the commercial domain, today the U.S. Supreme Court will rule on the legality of Donald Trump’s tariffs.
While it may deem the tariffs illegal, analysts believe the court could opt to replace them with other tariffs.
On the macro level, China released its October PMI data, compiled by RatingDog (formerly Caixin), which shows weakness, although not as severe as in the manufacturing sector, according to analysts at Renta4.
In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, fell 2.5% today, as investors opted to take profits following recent highs amid concerns over a bubble in the artificial intelligence (AI) industry, the benchmark index of the Shanghai Stock Exchange gained 0.23%, and Shenzhen added 0.37%. The Hang Seng in Hong Kong declined 0.30%.
Wall Street futures, after closing in the red, now show a slight drop for the Nasdaq and a 0.21% rise for the Dow Jones.
The Dow Jones ended Tuesday down 0.53% to 47,085.24 points, against 47,706.37 points on October 28, a new high since its inception in 1896.
The Nasdaq, a high-tech stock index, closed down 2.04% to 23,348.64 points, against the all-time high of 23,958.47 points recorded on October 29.
The price of gold, historically seen as a safe-haven asset during times of uncertainty, was rising today, with an ounce trading at $3,979.94, compared to $3,955.17 on Tuesday and the new all-time high of $4,347.86 recorded on October 20.
Meanwhile, Brent crude, the European benchmark oil for delivery in January 2026, is retreating to $64.36, compared to $64.44 on Tuesday.
On Sunday, ministers from eight countries of the OPEC+ alliance, led by Saudi Arabia and Russia, decided to increase oil supply from December.
In the debt market, the yield on Germany’s 10-year bond fell to 2.639%, from 2.653% on Tuesday, as well as France’s, which dropped to 3.428% from 3.437% Tuesday and a high of 3.600% on September 25.
The euro was advancing to $1.1492 in the Frankfurt foreign exchange market, against $1.1484 on Tuesday and the four-year high of $1.1865 recorded on September 16.
