Meteorologia

  • 16 SEPTEMBER 2024
Tempo
27º
MIN 21º MÁX 36º

European Stocks Rise, Eyeing U.S. Jobs Data

The main European stock exchanges were up today, pending the data on non-agricultural employment in the US, particularly relevant after the Fed decided, on Wednesday, to keep interest rates.

European Stocks Rise, Eyeing U.S. Jobs Data
Notícias ao Minuto

09:21 - 03/05/24 por Lusa

Economia Bolsas europeias

At 09:05 am in Lisbon, the EuroStoxx 600 was advancing 0.23% to 504.45 points.

The London, Paris and Frankfurt stock exchanges rose 0.31%, 0.36% and 0.19%, while Milan's rose 0.24%.

The exception was Madrid, which fell 0.16%.

After opening higher, the Lisbon stock exchange maintained the trend, with the main index, the PSI, advancing 0.05% to 6,668.63 points at 09:05 am.

The data on non-farm employment in the US is particularly relevant after the Fed (US Federal Reserve) decided on Wednesday to keep interest rates and the entity's president, Jerome Powell, said that it is "unlikely" that the next step will be a rise in interest rates, but acknowledged that bringing inflation down to the 2% target "will take longer than expected".

The Fed kept rates between 5.25% and 5.5% due to "lack of progress" in slowing inflation and said this year's data did not give the central bank "sufficient confidence" to cut interest rates.

After that, the stock market on Wall Street closed in the green on Thursday, with the Dow Jones rising 0.85% to 38,225.66 points, against 39,807.37 points on March 28, a new high since it was created in 1986, and the Nasdaq advancing 1.51% to 15,840.96 points, against the new high of 16,442.20 points on April 11.

In the debt market, the interest rate on the 10-year German bond, considered the safest, fell to 2.534%.

The barrel of Brent oil for delivery in July opened higher today, trading at $84.04 on the Intercontinental Exchange Futures (ICE) in London, against $83.67 on Wednesday.

In the opposite direction, West Texas Intermediate (WTI) oil, the benchmark in the US, rose 0.13% to $79.23 per barrel, before the official market opening.

Gold, down slightly by 0.10%, is trading at $2,307 per troy ounce.

Bitcoin, the most popular cryptocurrency on the market, is up 3.11% to $59,417.

In terms of exchange rates, the euro opened higher on the Frankfurt foreign exchange market, trading at $1.0728, against $1.0717 in the previous session.

Read Also: European stock markets up on day of OECD outlook announcement (Portuguese version)

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