At 9:00 AM in Lisbon, the EuroStoxx 600 was up 0.81% at 541.86 points.
The stock markets in London, Paris, and Frankfurt rose by 0.39%, 1.41%, and 0.76%, respectively, while those in Madrid and Milan increased by 0.49% and 0.27%.
The Lisbon stock exchange maintained its opening trend, with the main index, PSI, rising by 0.41% to 7,460.76 points at 9:00 AM, against a new high since May 6, 2014, of 7,545.86 points recorded on June 16.
In Europe, the market is also awaiting the year-on-year inflation figure in Spain, which has already been released, showing a two-tenths percentage point increase in June to 2.2%, driven by the prices of fuels, food, and non-alcoholic beverages.
In the eurozone, the final consumer confidence data for June will also be published, along with the economic confidence, industrial confidence, and services confidence components.
On Thursday, the White House announced that it does not consider the July deadline for negotiating new trade agreements as “critical.”
In trade matters, after concluding talks with China, which committed to exporting rare minerals, although issues like fentanyl and U.S. market access remain pending, the U.S. hopes to close deals with another 10 major trading partners in the next two weeks, ahead of the deadline.
For other countries where an agreement was not reached, letters may be sent to establish customs duty levels, or negotiation periods may be extended, prolonging the current deadline, according to Renta 4 analysts.
Moreover, the EU appears to favor a quick agreement with the U.S., despite lacking consensus, to avoid imposing customs duties of up to 50%, potentially easing regulations related to the digital market.
In Asia, the Nikkei index of the Tokyo Stock Exchange closed up 1.41%, the Shanghai Stock Exchange’s benchmark fell 0.7%, Shenzhen’s index decreased by 0.34%, and the Hang Seng index in Hong Kong dropped by 0.15% at the close.
In New York, futures are up by 0.41% and 0.33% for the S&P 500 and Nasdaq, respectively.
The Wall Street stock market closed higher on Thursday.
The Dow Jones ended up 0.94% at 43,386.84 points, compared to the record high since the index’s creation in 1896 of 45,014.04 points on December 4, 2024.
The Nasdaq, an index for high-tech stocks, rose by 0.97% to close at 20,167.91 points, near the all-time high of 20,173.89 points observed on December 16, 2024.
Brent crude, the benchmark in Europe for August delivery, is rising to $67.73, up from $67.68 on Thursday.
West Texas Intermediate, the U.S. benchmark, is up 0.48% at $65.56, before the official market opening.
Gold per troy ounce, a safe-haven asset, fell to $3,284.19, from $3,331.44 on Thursday and $3,432.34 on June 13, a new record high.
Yields on Germany’s 10-year bond, considered Europe’s safest, also rose to 2.586%, compared to 2.568% in the previous session.
