At 09h10 in Lisbon, the EuroStoxx 600 was down 0.03% at 542.11 points.
The stock exchanges in London, Paris, and Frankfurt were up by 0.24%, 0.34%, and 0.19% respectively, while those in Madrid and Milan rose by 0.25% and 0.20%.
The Lisbon stock exchange maintained its opening trend, with the main index, PSI, decreasing by 0.09% to 7,440.71 points at 09:10, compared to the new high since May 6, 2014, of 7,545.86 points recorded on June 16.
At market opening, European stock exchanges mirrored the performance of Asian markets ahead of the Fed meeting, whose decisions will be announced with European markets closed.
The U.S. central bank is not expected to make any changes to the main parameters of monetary policy, so investors will focus on the new macroeconomic scenario that the Fed will release, with new growth and inflation estimates.
During this session, investors will also learn the decision of Sweden’s National Bank (Riksbank) on interest rates, and the Central Bank of Brazil will decide whether to alter its benchmark interest rate, currently at 14.75%. On Thursday, it will be the UK’s turn.
Meanwhile, it has been announced that the UK’s year-on-year inflation rate slowed to 3.4% in May, down from 3.5% in April.
Markets will also pay attention today to the impact of tariffs on inflation data in Europe and the evolution of the conflict between Israel and Iran, which caused a sharp rise in oil prices on Tuesday, currently seeing a decline today.
In Asia, Tokyo’s Nikkei stock index closed up by 0.90%, and the Hang Seng, Hong Kong’s benchmark index, fell 1.20% minutes before closing, extending losses from Tuesday, when it fell 0.34%.
Wall Street closed “in the red” on Tuesday.
The Dow Jones ended down 0.70% at 42,215.80 points, compared to the peak since the index’s creation in 1896, of 45,014.04 points on December 4, 2024.
The Nasdaq, a high-tech stock index, closed declining by 0.91% to 19,521.09 points, against the all-time high of 20,173.89 points recorded on December 16, 2024.
In commodities, gold prices are falling while oil prices are rising.
Gold per troy ounce, a safe-haven asset, was slightly down to $3,382.39, compared to $3,382.94 on Tuesday and $3,432.34 on June 13, marking a new all-time high.
Brent, the benchmark crude oil in Europe, for August delivery, is rising to $76.45, against $73.23 on Tuesday, supported by fears of a Middle Eastern oil supply disruption due to the war between Israel and Iran.
The West Texas Intermediate (WTI), the U.S. benchmark, fell by 0.23% and is trading at $73.10 per barrel ahead of the market’s official opening.
Germany’s 10-year bond yield, regarded as Europe’s safest, advanced to 2.539%, against 2.533% in the previous session.
The euro advanced to $1.1517 in the Frankfurt currency market, up from $1.1503 on Tuesday and $1.1584 on June 18, marking a new high since November 9, 2021.
