At around 09:20 in Lisbon, the EuroStoxx 600 advanced by 0.41% to 557.14 points.
Markets in London, Paris, and Frankfurt rose by 0.01%, 1.23%, and 0.45%, respectively, while those in Madrid and Milan appreciated by 0.42% and 0.90%.
The Lisbon stock exchange maintained its upward trend, with the main index, the PSI, rising by 0.12% to 7,753.51 points, after peaking at 8,020.36 points on August 21.
The market has already anticipated a 25 basis point cut in the Fed’s key rates, the first reduction in the past nine months.
Markets will also be watching for decisions by other central banks this week, as the Bank of England (BoE) meets on Thursday and the Bank of Japan (BoJ) on Friday.
Today, stock exchanges will be influenced by the July trade balance releases for the Eurozone and Italy, as well as the Bundesbank’s monthly report.
As for Asian markets, investors are without guidance from the Tokyo stock exchange, which remained closed for the national Respect for the Aged Day holiday, while the Shanghai stock index fell by 0.26%, Shenzhen gained 0.63%, and Hong Kong’s Hang Seng rose by 0.28% just before session close.
Meanwhile, Wall Street futures point to increases of 0.15% for the Dow Jones and 0.16% for the Nasdaq.
The Dow Jones ended Friday down by 0.59% at 45,834.22 points, against 46,108.00 points the previous day, marking a new high since the index’s inception in 1896.
The Nasdaq, a high-tech index, closed up 0.44% at 22,141.10 points, a new all-time high.
In the debt market, the 10-year French government bond yield fell to 3.495% from 3.506%, while Germany’s declined to 2.700% from 2.714%.
In commodities, gold per troy ounce, a safe-haven asset, decreased to $3,634.99 from $3,643.14 on Friday, marking a new all-time high of $3,645.09 on September 9.
Brent crude oil, Europe’s benchmark for November delivery, advanced to $67.23 from $66.99 on Friday.
West Texas Intermediate (WTI) crude, the U.S. benchmark, rose by 0.46% to $62.98 before the market’s official opening.
Bitcoin, the most widely traded cryptocurrency, increased by 0.02% to $115,882.70.
The euro appreciated to $1.1737 on the Frankfurt foreign exchange market, against $1.1734 on Friday, marking a new high since September 15, 2021, reaching $1.1789 on July 2.
