Around 09:15 in Lisbon, the EuroStoxx 600 was up 0.26% to 550.65 points.
The stock exchanges in London, Paris, and Frankfurt rose by 0.11%, 0.13%, and 0.78% respectively, while those in Madrid and Milan increased by 0.46% and 0.33%.
Lisbon’s stock exchange maintained its opening trend, with the main index, PSI, climbing 0.27% to 7,724.96 points, after having reached a peak of 8,020.36 points on August 21.
Thursday will be one of the most intense days on the economic calendar, as the ECB is expected to keep rates at 2.15%, but the market will be attentive to Christine Lagarde’s statements and the official communiqué.
On the same day, in the United States, the August Consumer Price Index will be released, with forecasts pointing to 2.9% year-over-year and 3.1% in the core version.
Additionally, unemployment benefits data are anticipated, providing a more comprehensive view of the health of the U.S. labor market.
The week begins with German industrial production figures, expected to have grown by 1.1% in July after a steep decline in June.
Moreover, Germany’s trade balance might show a surplus of 15.7 billion euros, strengthening its role as an exporter in the eurozone.
In Asia, Tokyo’s main index, the Nikkei, rose by 1.45%, following the announcement of the resignation of Japanese Prime Minister Shigeru Ishiba, which spurred positive expectations regarding new economic policies in the country.
Chinese foreign trade growth slowed to 3.5% in August, while Japan today revised upwards by two-tenths the growth of its Gross Domestic Product (GDP) in the second quarter of the year, to 0.5%.
Wall Street futures advanced, with slight increases of 0.15% for the Dow Jones and 0.37% for the Nasdaq.
The Dow Jones ended down 0.48% to 45,540.86 points, compared to the highest level since the index was created in 1896, of 45,636.90 points, on August 28.
The Nasdaq, a high-tech stock index, closed down 0.03% to 21,700.39 points, against a new all-time high of 21,713.14 points reached on August 13.
In the commodities market, gold per troy ounce, a safe-haven asset, continued to appreciate, rising to $3,609.01, a new all-time high, compared to $3,586.69 on Friday.
Brent crude, the benchmark for Europe, for delivery in November, is advancing to $66.55, compared to $66.50 on Friday.
West Texas Intermediate (WTI) crude, a benchmark in the United States, also rose 1.75% to $62.96 ahead of the official market opening.
The OPEC+ alliance, led by Saudi Arabia and Russia, agreed this Sunday to a new increase in crude oil production for October, of 137,000 barrels per day, a smaller increase than applied in recent months due to weakening global demand.
German 10-year bond yields fell to 2.652%, down from 2.661%.
Bitcoin, the most widely used and traded cryptocurrency on the market, remained stable with a slight drop of 0.01% to $111,327.3.
The euro advanced to $1.1731 on the Frankfurt foreign exchange market, compared to $1.1717 on Friday and the new high since September 15, 2021, of $1.1789 on July 2.
