At 9:00 am in Lisbon, the EuroStoxx 600 was down 0.01% to 524.55 points.

The London, Paris and Frankfurt stock exchanges fell 0.34%, 0.39% and 0.05%, while Madrid's fell 0.20%.

Milan was the exception, rising 0.01%.

After opening lower, the Lisbon stock exchange maintained the trend, with the main index, the PSI, down 0.16% to 6,960.27 points at 9:00 am.

Driven by the fall in inflation in the United States in April, to 3.4%, after two consecutive months of increases, Wall Street closed in the 'green' on Wednesday with the main indicators reaching new historical highs.

The Dow Jones ended up 0.88% to 39,908.00 points, a new high since its creation in 1986, and the Nasdaq rose 1.40% to 16,742.39 points, also a new high.

For the director of financial investments at Mutualidad, Pedro del Pozo, quoted by Efe, the latest data published this week in the United States, both the producer price index (PPI) and the CPI, point to "a still strong and tense American economy, but which is gradually slowing down", and are in line with the expected fall in interest rates.

Analysts at Renta4 quoted by Efe explain that this data reinforces the expectation of two rate cuts by the Federal Reserve (Fed) in 2024, compared to only one that was discounted after the previous weak inflation data.

In this context, sovereign debt 'yields' are trading lower and, in the case of the 10-year German bond, considered the safest in Europe, they fell to 2.417%, against 2.422% on Wednesday.

The barrel of Brent oil for delivery in July opened higher today, trading at $83.06 on the Intercontinental Exchange Futures (ICE) in London, against $82.75 on Wednesday.

At the exchange rate level, the euro opened higher on the Frankfurt foreign exchange market, trading at $1.0880, against $1.0872 in the previous session.

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