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European stocks edge higher pending labor and inflation data

With the exception of Madrid, which was down 0.02% around 08:30 in Lisbon, London gained 0.21%, Frankfurt 0.29%, and Paris 0.31%.

The EuroStoxx 600 advanced 0.11% to 552.93 points.

Meanwhile, the Lisbon stock exchange maintained its opening trend, with the main index, the PSI, up 0.30% to 7,393.30 points by 08:30.

The euro depreciated by 0.19% against the dollar, trading at 1.130 units.

In Asia, Tokyo’s Nikkei closed up 0.03%, while Shanghai’s benchmark index fell 0.02%, and the Shenzhen stock exchange lost 0.26%.

Wall Street closed with significant gains on Tuesday after Monday’s holiday, with the Dow Jones Industrials rising 1.78%, the benchmark S&P 500 gaining 2.05%, and the high-tech Nasdaq up 2.47%.

Futures registered slight losses of 0.13% in the three indices in early morning trading.

Oil prices remained stable as OPEC+, led by Riyadh and Moscow, assessed possible adjustments to crude supply during a teleconference ahead of another meeting scheduled for Saturday, where eight member countries are expected to announce a likely increase in production in July.

Brent, the European benchmark, fell by 0.02% to $63.58 per barrel, while West Texas Intermediate (WTI), the American benchmark, rose 0.11% to $60.96 before the official market opening.

In the bond market, the interest rates on Germany’s 10-year bonds, considered the safest in Europe, increased to 2.542%, from 2.531% in the previous session.

Meanwhile, Bitcoin, the most well-known and utilized cryptocurrency, fell 0.72% to $108,824.5.

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