Around 09:50 in Lisbon, the EuroStoxx 600 index rose by 0.01% to 547.16 points.
The stock markets in Paris and Frankfurt fell by 0.26% and 0.29%, respectively, while those in Madrid and Milan declined by 0.47% and 0.04%.
London was an exception, showing an increase of 0.22%.
The Lisbon stock exchange maintained its opening trend, with the main index PSI decreasing by 0.68% to 7,727.25 points at 09:50.
This week, investors will closely monitor inflation data in Europe and the United States, with Italy’s CPI being the only one released today.
Additionally, the ZEW economic sentiment indices in Germany and the eurozone, along with the second-quarter GDP growth in the United Kingdom, will be announced.
On the geopolitical front, attention will be on the progress of ceasefire negotiations in Ukraine, with a meeting between U.S. President Donald Trump and Russian counterpart Vladimir Putin scheduled for Friday in the U.S. state of Alaska.
Furthermore, as explained by Renta 4 Banco, the market will continue to “wait to see how the negotiations with China, whose trade truce ends on August 12, evolve.”
“In recent hours, we have learned that AMD and Nvidia will pay the U.S. 15% of revenue from chip sales in China,” added Renta 4 Banco.
Wall Street closed the week with gains, despite the implementation of Trump’s new tariffs.
The Dow Jones ended up 0.47% at 44,175.61 points, compared to its all-time high since its inception in 1896, of 45,014.04 points on December 4, 2024.
The Nasdaq, a high-tech stock index, closed up 0.98% at 21,450.02 points, marking a new all-time high.
In Asia, the Shanghai Stock Exchange gained 0.34%, while Hong Kong advanced 0.12%. Tokyo, however, remained closed due to a holiday.
Brent crude oil, the benchmark in Europe for October delivery, decreased to $66.07, down from $66.59 on Friday.
West Texas Intermediate crude oil, the U.S. benchmark, also fell to $63.28, down from $63.88 before the market opening.
Gold per troy ounce, a safe-haven asset, depreciated to $3,361.50, from $3,397.75 on Friday, and the current all-time high of $3,432.34 on June 13.
The 10-year German bond yields dropped to 2.668%, from 2.688%.
The euro advanced to $1.1649 in the Frankfurt foreign exchange market, from $1.1641 on Friday and the new high since September 15, 2021, of $1.1789 on July 2.
