Date in Portugal
Clock Icon
Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

European markets reopen in mixed territory

At 08:35 in Lisbon, the EuroStoxx 600 rose by 0.28% to 567.76 points.

Simultaneously, London increased by 0.11%, Frankfurt by 0.06%, and Paris by 0.02%.

Conversely, Madrid and Milan lost 0.17% and 0.12%, respectively.

The European markets’ opening performance follows a session where Wall Street ended higher.

The session results indicate that the Dow Jones Industrial Average increased by 0.77% and the Nasdaq rose by 0.98%. The broader S&P 500 advanced by 0.83%, enough to set a new record at 6,502.08 points.

In commodities, the price of Brent crude oil dropped by 0.48% to $66.66 per barrel, while the euro rose to $1.167.

Today, the official employment report will be released, potentially influencing the next steps of the U.S. Federal Reserve’s monetary policy.

Following August’s employment data, which reported 54,000 new private sector jobs, down from the 106,000 created in July and analysts’ expectations, markets estimate a 97% probability that the Federal Reserve will reduce key interest rates in its next meeting on September 16 and 17.

Leave a Reply

Here you can search for anything you want

Everything that is hot also happens in our social networks