At approximately 09:15 in Lisbon, the EuroStoxx 600 was up 0.42% to 552.54 points.
The stock markets in London, Paris, and Frankfurt rose by 0.37%, 0.82%, and 0.48%, respectively, while those in Madrid and Milan gained 0.42% and 0.48%.
The Lisbon stock exchange maintained the opening trend, with the main index, the PSI, advancing 0.18% to 7,928.67 points, after having risen to a maximum of 8,020.36 points on August 21.
Investors are focusing today on the August reading of the Personal Consumption Expenditures (PCE) index in the U.S. in August, a price variable that the Federal Reserve (Fed) uses for projections and monetary policy design.
It is expected that the year-on-year growth rate of the PCE has slightly recovered in August compared to the July level.
Markets are also paying special attention to Trump’s tariff policy following the announcement of new tariffs to be imposed from October 21: 100% on pharmaceutical drugs.
The U.S. government published an official notification on the implementation of the trade agreement with the European Union (EU) reached in July, confirming that the 15% tariffs for imports of automobiles and components apply retroactively on August 1.
In Asia, Tokyo’s Nikkei index closed with a decline of 0.80%, while the Shanghai Stock Exchange’s benchmark index fell 0.65%, Shenzhen’s dropped 1.76%, and Hong Kong’s Hang Seng lost 0.84% shortly before the end of the session.
Wall Street futures, after Thursday’s declines, are pointing to slight increases, with the Dow Jones up 0.21% and the Nasdaq up 0.10%.
The Dow Jones fell on Thursday by 0.38% to 45,947.32 points, compared to 46,381.54 points on Monday, a new record high since the index was created in 1896.
The Nasdaq, a high-tech index, closed down 0.50% to 22,384.70 points, against 22,788.98 points on Monday, also a new all-time high.
In the debt market, Germany’s 10-year bond yields rose to 2.776% from 2.773%.
In the commodities market, gold per troy ounce, a safe-haven asset, was up to $3,743.25 from $3,733.81 on Thursday and a new all-time high of $3,779.26 recorded on September 23.
Brent crude, the benchmark in Europe for November delivery, is rising to $69.57 from $69.42 on Thursday.
West Texas Intermediate (WTI) crude, the benchmark in the United States, is also advancing, specifically 0.34% to $65.20, before the official market opening.
Bitcoin, the most widely traded and recognized cryptocurrency, is rising slightly, 0.18% to $109,395.2.
The euro was up to $1.1676 on the Frankfurt exchange market, against $1.1671 on Thursday and a new four-year high of $1.1865 observed on September 16.
