At approximately 09:00 in Lisbon, the EuroStoxx 600 fell by 0.45% to 546.84 points.
The stock markets in London, Paris, and Frankfurt dropped by 0.52%, 0.44%, and 0.18%, respectively, while Madrid and Milan saw declines of 0.21% and 1.36%.
The Lisbon stock exchange maintained its opening trend, with the main index, PSI, decreasing by 0.48% to 7,202.51 points at 09:00, following a close at 7,235.99 points, a new high since June 13, 2014.
European markets are anticipating the release of inflation data for April in the Eurozone.
Additionally, first-quarter company results continue to be announced, including today’s figures from airline Ryanair, which reported a net profit of 1.611 billion euros for its latest fiscal year ending in March, marking a decline of 16% from the previous year.
At this time, Wall Street futures are falling by 0.91% for the Dow Jones Industrials, 1.15% for the S&P 500, and 1.39% for the Nasdaq.
On Friday, with Wall Street already closed, credit rating agency Moody’s downgraded the U.S. debt rating from “AAA” to “Aa1,” removing its top rating and aligning with the other two major credit rating agencies, Standard & Poor’s and Fitch, which had done so earlier, noted today by Link Securities, as reported by Efe.
Moreover, Wall Street will respond today to the joint statement from China and the United States, confirming a three-month tariff reduction agreement: the United States from 145% to 30%, and China from 125% to 10%.
Wall Street closed higher on Friday.
In Asia, the Nikkei index of the Tokyo Stock Exchange closed down by 0.74%, while the Shanghai Stock Exchange’s benchmark index closed stable after a minimal increase of 0.12 points, reaching 3,367.58 points.
Yields on Germany’s 10-year bond, considered Europe’s safest, rose to 2.599%, compared to 2.589% in the previous session.
In the commodities market, gold was on the rise and oil was falling.
Gold per troy ounce, a safe-haven asset, increased to $3,229.68, from $3,202.59 on Friday and the current all-time high of $3,414.65 recorded on April 21.
The price of Brent crude for July delivery, a benchmark in Europe, fell to $65.03 per barrel, compared to $65.41 on Friday.
West Texas Intermediate (WTI), the North American benchmark, also declined, falling by 0.82% to $61.46 per barrel before the official market opening.
The euro was rising to $1.1216 in the Frankfurt foreign exchange market, compared to $1.1163 on Friday and $1.1509 on April 21, marking a new high since November 12, 2021.
