At 09:10 in Lisbon, the EuroStoxx 600 rose 0.05% to 576.01 points.
London and Frankfurt’s stock exchanges increased by 0.05% and 0.17% respectively, as did Madrid and Milan, which gained 0.34% and 0.53%. Paris was the exception, declining 0.05%.
The Lisbon stock exchange maintained its opening trend, with the main index, PSI, dropping 0.53% to 8,325.12 points, after closing at a new high since February 2011, at 8,369.58 points on October 24.
The market is focused on the decisions from the Fed, which is expected to reduce interest rates by a quarter of a point, to the range of 3.75% to 4%, and the ECB on Thursday, which is likely to maintain them at 2%.
The decision from the BoJ will also be announced on Thursday.
In Asia, Seoul’s main stock index, the Kospi, rose 2.57% and surpassed the 4,000-point mark for the first time, driven by optimism over a new trade agreement between Beijing and Washington after months of tensions, while Tokyo’s main index, the Nikkei, increased 2.54%.
The Shanghai index benchmark gained 1.18% and Shenzhen’s rose 1.51%, while the Hang Seng increased 0.99% shortly before the session ended.
Wall Street futures showed increases of 0.62% for the Dow Jones and 1.11% for the Nasdaq.
The Dow Jones ended Friday up 1.01% at 47,207.12 points, a new high since its inception in 1896.
The Nasdaq, a high-tech index, closed up 1.13%, reaching a record high of 23,204.87 points.
The Association of Southeast Asian Nations (ASEAN) is conducting the second day of meetings in Kuala Lumpur, without the participation of U.S. President Donald Trump, who left today for Japan for a three-day official visit. He is expected to meet with Emperor Naruhito and newly appointed Japanese Prime Minister Sanae Takaichi to discuss trade and defense.
Similarly, Argentine markets are reacting today to the clear victory of President Javier Milei’s party, La Libertad Avanza, in the national legislative elections, providing momentum to the Argentine leader’s economic policy.
The price of gold, traditionally seen as a safe haven during times of uncertainty, fell 1.46% today, with an ounce trading at $4,058.21, compared to a new high of $4,347.86 on October 20.
Meanwhile, Brent crude, the reference oil in Europe for December delivery, is rising to $65.96, up from $65.94 on Friday.
In the debt market, the yield on Germany’s 10-year bonds rose to 2.634% from 2.625%, as well as those of France, increasing to 3.440% from 3.432% on Friday and a high of 3.600% on September 25.
The euro advanced to $1.1630 in the Frankfurt currency market, up from $1.1627 on Friday and a four-year high of $1.1865 on September 16.
