Around 09:30 in Lisbon, the EuroStoxx 600 rose 1.10% to 550.30 points.
The stock exchanges of London, Paris, and Frankfurt advanced by 0.47%, 1.28%, and 0.89%, respectively, while those of Madrid and Milan appreciated by 0.59% and 1.22%.
Lisbon’s stock exchange reversed its opening trend, with the main index, PSI, declining 0.20% to 7,730.71 points by 09:30, against the current maximum since May 6, 2011, of 7,791.75 points, recorded on July 9.
The President of the European Commission, Ursula von der Leyen, and the President of the European Council, António Costa, meet today in Tokyo with Japanese Prime Minister Shigeru Ishiba in a summit aiming to sign a “competitiveness alliance” to bolster cooperation between the European Union (EU) and Japan.
Meanwhile, markets continue to await the release of corporate earnings. Italian bank UniCredit announced profits of 6.1 billion euros in the first six months, a 17.3% increase compared to the same period in 2024.
Investors eagerly anticipate the European Central Bank’s monetary policy meeting this week, expected to maintain rates, with the focus on whether the entity’s President, Christine Lagarde, will provide hints about future moves.
Markets will also be watching the release of preliminary PMI estimates, which offer an overview of manufacturing and service sectors’ activity and might be impacted by U.S. President Donald Trump’s announcement of 30% tariffs on eurozone imports to the U.S., although the impact is expected to be limited.
In Asia, Tokyo Stock Exchange’s main index, the Nikkei, closed up 3.65%, Shanghai’s benchmark index ended nearly flat with a 0.01% increase, Shenzhen’s index fell 0.37%, and the Hang Seng in Hong Kong rose 1.25%.
Wall Street closed mixed on Tuesday.
The Dow Jones finished up 0.40% to 44,502.44 points, as compared to the all-time high since its inception in 1896, of 45,014.04 points, on December 4, 2024.
The Nasdaq, a high-tech index, closed down 0.39% to 20,892.69 points, against the record high of 20,974.17 points on July 22.
Brent crude oil, the benchmark in Europe for September delivery, rose to $68.81, compared to $68.59 on Tuesday.
West Texas Intermediate crude, the U.S. benchmark, also rose, to $65.51, from $65.31 before the official market opening.
Gold per troy ounce, a safe-haven asset, depreciated to $3,425.85, compared to $3,432.31 on Tuesday, and the current all-time high of $3,432.34 on June 13.
The yield on 10-year German bonds rose to 2.617%, from 2.589%.
Bitcoin fell 1.04% to $118,522, after reaching an all-time high of $123,000 on July 14.
The euro fell to $1.1743 on the Frankfurt foreign exchange market, against $1.1755 on Tuesday, and a new high since September 15, 2021, of $1.1789, on July 2.
