Around 09:00 in Lisbon, the EuroStoxx 600 declined by 0.01% to 551.84 points.
The Paris and Frankfurt stock exchanges fell by 0.14% and 0.35%, respectively, while Madrid and Milan decreased by 0.12% and 0.09%.
London was the exception, rising by 0.20%.
Lisbon’s stock exchange followed the opening trend and at 09:00, the main index, PSI, advanced by 0.68% to 7,471.95 points, reaching a new high since May 6, 2014.
Markets are in decline, reacting after the ECB lowered its main interest rate by 25 basis points to 2% on Thursday.
Today, India’s Reserve Bank Monetary Policy Committee cut the benchmark interest rate by 50 basis points to 5.5%, the lowest level since August 2022.
In the US, a rift between Trump and Musk, owner of Tesla, was evident. This began after the entrepreneur criticized the tax plan promoted by the US President and escalated with threats of canceled government contracts and accusations by the magnate that Trump is on Jeffrey Epstein’s list.
Wall Street futures are rising by 0.39% for the Dow Jones Industrials, 0.41% for the S&P 500, and 0.39% for the Nasdaq, after closing lower on Thursday.
The Wall Street stock exchange closed lower on Thursday.
The Dow Jones finished down 0.25% at 42,319.74 points, compared to the maximum since the index was created in 1896 of 45,014.04 points on December 4, 2024.
The Nasdaq, a high-tech stock index, closed down 0.83% at 19,298.45 points, against the all-time high of 20,173.89 points recorded on December 16, 2024.
Today, attention in the US will be focused on the Department of Labor report on May’s non-farm payrolls, which is crucial for determining the current state of the country’s labor market.
Tesla fell by more than 14% following the conflict between Elon Musk and Trump, who threatened to withdraw public support, while US trade tensions with China also remain unresolved.
In Asia, Tokyo’s Nikkei index closed up by 0.50%, while the Hang Seng, moments before closing, fell by 0.08.
German 10-year bond yields, considered the safest in Europe, dropped to 2.552%, from 2.579% in the previous session.
Gold per troy ounce, a safe-haven asset, rose to $3,361.01, compared with $3,354.15 on Thursday and the current all-time high of $3,414.65 recorded on April 21.
Brent crude for August delivery, the European benchmark, fell to $65.02 per barrel from $65.34 on Thursday, due to the OPEC+ decision to increase production in July, as well as rising tensions in the Russia-Ukraine war and US-Iran nuclear negotiations.
The American benchmark, West Texas Intermediate (WTI), also decreased by 0.19% to $63.24 per barrel, before the official market opening.
The euro fell to $1.1428 in the Frankfurt currency market, from $1.1448 on Thursday and $1.1509 on April 21, a new high since November 12, 2021.
