The major European stock exchanges commenced today’s session with moderate losses, following a decline in the New York stock market the previous day, while Lisbon observed gains.
As of 8:40 AM, losses ranged from 0.10% in London (FTSE 100) to 0.57% in Frankfurt (DAX).
The Federal Statistics Office (Destatis) revealed that German exports fell by 0.1% in the first half of the year compared to the same period in 2024, while imports increased by 4.4%.
The Paris stock exchange (CAC 40) slipped 0.23%, Madrid’s (IBEX 35) decreased by 0.29%, and Milan’s (FTSE MIB) fell by 0.31%.
Conversely, the PSI, the main index of the Portuguese stock market, rose by 0.12% to 7,971.95 euros.
Wall Street concluded Tuesday’s session with mixed results, as the Dow Jones industrial index gained 0.02% to reach 44,922.27 points, the Nasdaq technology index fell by 1.46% to 21,314.95 points, and the broad S&P 500 index lost 0.59% to 6,411.37 points.
This week’s focus is on Jackson Hole, where Federal Reserve Chairman Jerome Powell is set to speak on Friday, with investors speculating on a possible interest rate cut in September.
On Tuesday, the Brent crude oil price, a European benchmark, for October delivery, dropped by 1.22% to $65.79, following Monday’s meeting between U.S. President Donald Trump, Ukrainian President Volodymyr Zelensky, and allied European leaders in Washington.
Additionally, the euro declined once more, remaining around the 1.16-dollar mark, amid ongoing discussions regarding the war in Ukraine.
