At approximately 9:20 AM in Lisbon, the EuroStoxx 600 was down 0.40% at 544.28 points.
London, Paris, and Frankfurt stock exchanges declined by 0.06%, 0.39%, and 0.73%, respectively, while Madrid and Milan decreased by 0.18% and 0.20%.
The Lisbon stock exchange maintained its opening trend, with the main index, PSI, up 0.08% at 7,678.07 points as of 9:20 AM, compared to the current maximum since May 6, 2011, of 7,791.75 points, recorded on July 9.
The markets remain focused on second-quarter corporate earnings results and trade negotiations ahead of the looming August 1 deadline.
Investors are eagerly anticipating this week’s European Central Bank (ECB) monetary policy meeting, expected to maintain interest rates, with attention on whether President Christine Lagarde will provide any guidance on future actions.
Markets are also watching the release of preliminary PMI estimates, offering an overview of activity in the manufacturing and services sectors, potentially impacted by U.S. President Donald Trump’s announcement of imposing 30% tariffs on Eurozone imports to the U.S., although the effect is expected to be limited.
Wall Street futures advanced moderately with increases of 0.10% for the Dow Jones Industrials, 0.07% for the S&P 500, and 0.03% for the Nasdaq, following a mixed close on Monday.
The Dow Jones closed down 0.04% at 44,323.07 points, compared to the all-time high since its inception in 1896, of 45,014.04 points on December 4, 2024.
The Nasdaq, a high-tech exchange index, closed up 0.38% at 20,974.18 points, marking a new record high.
After Monday’s holiday in Japan, investors reacted to the weekend’s Senate election results, where the ruling coalition lost its majority. This marks the first time since 1955 that a Japanese leader will govern without a majority in one of the chambers.
Thus, the Nikkei index in Tokyo fell by 0.11%, while the benchmark Shanghai Composite gained 0.62% and Shenzhen rose by 0.84%.
Brent crude oil, the European benchmark for September delivery, dropped to $68.83, down from $69.21 on Monday.
West Texas Intermediate, the U.S. benchmark, also decreased to $65.55 from $65.95 before the official market opening.
Troy ounce gold, a safe-haven asset, depreciated to $3,383.87 from $3,395.69 on Monday, versus the previous all-time high of $3,432.34 on June 13.
German 10-year bond yields fell to 2.620% from 2.612%.
Bitcoin gained 1.18% to $118,336, following the all-time high on July 14 of $123,000.
The euro fell to $1.1687 in Frankfurt’s foreign exchange market, down from $1.1700 on Monday and a new high since September 15, 2021, of $1.1789 on July 2.
