The main European stock markets fell this Monday, with investors waiting for the monetary policy decisions of the different central banks to be known this week, especially the United States Federal Reserve (Fed).
At 08:55 in Lisbon, the EuroStoxx 600 it fell 0.63% to 405.66 points.
With London closed for the holiday decreed for the funeral of Queen Elizabeth II, who died on September 8, the Paris and Frankfurt stock markets fell 1% and 0.69%, while those of Madrid and Milan fell 0, 47% and 1.13. %
After opening higher, the Lisbon Stock Exchange reversed the trend, at 08:55, with the main index, the PSI, down 0.73% to 5,803.02 points.
The week starting this Monday will be marked by monetary policy meetings, the Fed and the Bank of Japan on Wednesday and the Bank of England on Thursday.
In relation to the Fed meeting, analysts anticipate a 75 basis point hike in interest rates, but do not rule out an increase of 100 basis points.
Contrary to the bearish trend in stock markets, sovereign debt rates continue to rise on anticipation that central banks key interest rates will continue to rise sharplywith the US 10yr rising to 3.45% and Germany advancing to 1.74%.
The year-on-year inflation rate in the US slowed down again in August, for the second consecutive month, falling to 8.3%, two tenths less than in July, according to data published by the Bureau of Labor Statistics (BLS).
In the foreign exchange market, and even as a result of the publication of August inflation in the US, the dollar rose again against the euro, which this Monday returned to trading below parity.
On Friday, the Wall Street Stock Market closed lower, with the Dow Jones falling 0.45% to 30,822.42 points, compared to the maximum since it was created in 1896, of 36,799.65 points, registered in January this year.
The Nasdaq closed down 0.90% to 11,448.40 points, compared to the current maximum of 16,057.44 points, verified on November 16 last year.
On the exchange rate, the euro opened lower below par on the Frankfurt forex market at $0.9973, down from $1.0016 on Friday, having closed on September 6 at $0.9909, the lowest since 2002.
A barrel of Brent oil for November delivery opened lower on London’s Intercontinental Exchange Futures (ICE) at $90.78, down from $91.35 on Friday, after falling to a low of USD 88.00 on September 7.
Source: Observadora
