At around 09:20 in Lisbon, the EuroStoxx 600 increased by 0.56% to 567.34 points.
The stock markets in London, Paris, and Frankfurt advanced by 0.29%, 0.65%, and 0.63%, respectively, as did Madrid and Milan, which were up by 0.74% and 0.69%.
The Lisbon stock exchange maintained its opening trend, with the main index, the PSI, rising 0.37% to 8,200.15 points, having ended October 9 at a new high since February 2011, at 8,229.95 points.
European stock markets registered steep declines on Friday after Trump threatened on his social network, TruthSocial, to impose additional 100% tariffs on Chinese products starting November 1, which also caused a significant drop in cryptocurrencies.
However, markets softened their reaction today after Trump moderated his tone on Sunday, stating that his country “wants to help China, not harm it,” following the Chinese Ministry of Commerce’s accusation that Washington was undermining trade dialogue between the two powers.
Meanwhile, in France, the new Prime Minister, Sébastien Lecornu, faces the challenging task of forming a government team to present the 2026 budget as soon as possible, amid reluctance from parties that until recently supported French President Emmanuel Macron.
Markets lack the reference of the Tokyo Stock Exchange today, which remains closed due to the National Sports Day holiday, while the benchmark index of the Shanghai Stock Exchange fell by 0.19%, Shenzhen’s dropped by 0.93%, and Hong Kong’s Hang Seng lost 2.01% shortly before the session ended.
Wall Street futures, after closing sharply lower on Friday, are now gaining ground with increases of 2.19% for the Nasdaq and 1.19% for the Dow Jones.
The Dow Jones ended Friday down by 1.90% to 45,479.60 points, against 46,758.28 points on October 3, a new peak since its creation in 1896.
The Nasdaq, an index of high-tech companies, closed with a 3.56% decline to 22,204.43 points, against an all-time high of 23,043.38 points on October 8.
In the commodities sector, gold is rising by 2.34%, reaching new historical highs, approaching the 4,100-dollar mark.
The price of gold, historically considered a safe-haven asset in times of uncertainty, is up today, with an ounce trading at 4,075.22 dollars, a new all-time high.
Meanwhile, oil is recovering from Friday’s declines, with Brent crude for December delivery climbing 1.55% to 63.66 dollars, compared to 62.73 dollars on Friday.
The Organization of the Petroleum Exporting Countries (OPEC) updates today its monthly report on the forecasts for global crude oil supply and demand for 2025 and 2026, at a time when geopolitical tensions in the Middle East are starting to ease.
The price of copper is also experiencing a notable increase of 2.66%, surpassing previous record highs, reaching 5.018 dollars.
On the debt market, Germany’s 10-year bond yields climbed to 2.655%, from 2.643%, as did France’s, which increased to 3.483%, compared to 3.478% on Friday and a maximum of 3.600% on September 25.
The euro fell to 1.1610 dollars in the Frankfurt foreign exchange market, from 1.1519 dollars on Friday, and a new four-year high of 1.1865 dollars recorded on September 16.
