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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

European markets fall ahead of Fed decision this week.

At approximately 09:05 in Lisbon, the London and Frankfurt stock exchanges experienced slight declines of 0.03%. Meanwhile, Paris dropped by 0.26%, Madrid decreased by 0.24%, and Milan was down 0.21%.

The Lisbon stock exchange also continued the negative trend from opening, with the main index, PSI, losing 0.16% to 8,185.05 points.

No significant macroeconomic data will be released today, and the market is focused on the two-day Federal Reserve meeting starting on Tuesday.

The meeting, concluding on the 10th, is expected by the markets to result in a new quarter-point interest rate cut. If confirmed, it would be the third consecutive decrease.

In Asia, Tokyo’s main index, the Nikkei, rose by 0.18%. The Shanghai benchmark gained 0.54%, while the Hang Seng in Hong Kong fell by 1.23%.

In the United States, Wall Street futures showed slight increases. On Friday, the Dow Jones Industrial Average gained 0.22%, the Nasdaq advanced by 0.31%, and the broader S&P 500 was up 0.19%.

The price of gold, traditionally considered a safe-haven asset during uncertain times, increased by 0.18% with an ounce trading at $4,211.49.

Brent crude oil, the European benchmark, rose slightly by 0.16% to $63.86 per barrel.

In the currency market, the euro was valued at $1.1658, up from $1.1648 on Friday afternoon.

The cryptocurrency bitcoin gained 1.39% to $91,683.55.

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