At 08:55 in Lisbon, the EuroStoxx 600 was declining by 0.25% to 505.81 points.
The stock exchanges in London, Paris, and Frankfurt were down by 0.35%, 0.38%, and 0.02%, respectively, while those in Madrid and Milan depreciated by 0.24% and 0.26%.
The Lisbon stock exchange maintained its opening trend, and at 08:55, the main index, PSI, fell by 0.36% to 6,721.49 points.
The euro decreased to 1.1370 dollars in the Frankfurt foreign exchange market, compared to 1.1274 dollars, marking a new high since February 10, 2022.
Similarly, the price of an ounce of gold, a safe-haven asset, fell to 3,323.58 dollars after reaching a new historical high of 3,357 dollars earlier today.
Across the Atlantic, after the U.S. imposed new restrictions on Nvidia’s chip exports to China, Wall Street closed the day with losses, dragged down by the chip maker Nvidia, which fell nearly 7%.
The Dow Jones ended down 1.73% at 39,669.39 points, compared to the all-time high of 45,014.04 points recorded on December 4, 2024.
The Nasdaq, an index of high-tech stocks, also closed lower by 3.07% at 16,307.16 points, against its all-time high of 20,173.89 points on December 16, 2024.
On Wednesday, Federal Reserve Chairman Jerome Powell assured that central bank data indicates an economic slowdown between January and March, in the context of President Donald Trump’s tariff policy.
“It is very likely that tariffs will lead, at least temporarily, to higher inflation,” warned Powell, stating a need to wait “for greater clarity before considering any adjustments to the (monetary) policy stance.”
At this hour, the futures of major Wall Street indicators point to a higher opening, while in Asia, Tokyo’s Nikkei is up 1.35%, following Trump’s assurance that tariff negotiations with Japan have been positive and that progress might continue in the coming days.
Hong Kong’s Hang Seng is also up 1.26%, and Shanghai’s index records a slight increase of 0.02%.
The yield on Germany’s 10-year bond, considered Europe’s safest, increased to 2.514% from 2.506% in the previous session.
The price of Brent oil for June delivery, the benchmark in Europe, rose to 66.23 dollars from 65.85 dollars in the previous session after both the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) revised down their oil production forecasts for this year and 2026.
