European stock markets up as Wall Street closed due to US holiday

European stock markets up as Wall Street closed due to US holiday

The main European stock markets were trading higher this morning, in a session that will miss Wall Street’s benchmark, which will be closed due to the Martin Luther King Day national holiday in the US.

At 09:00 in Lisbon, the EuroStoxx 600 was up 0.10% to 453.00 points.

The London, Frankfurt and Milan stock exchanges were advancing 0.11%, 0.06% and 0.15%, while Paris and Madrid were down 0.04% and 0.06%, respectively.

After opening upwards, the Lisbon Stock Exchange reversed the trend and at 09:00 the main index, the PSI, was down 0.18% to 6,021.08 points.

This week investors will be awaiting the Bank of Japan’s two-day meeting starting on Tuesday, from which they do not expect any change in monetary policy, as well as the minutes of the December meeting of the European Central Bank (ECB).

On Friday, the Wall Street stock market ended higher, with the Dow Jones advancing 0.33% to 34,302.61 points, versus the high since it was created in 1896 of 36,799.65 points recorded on January 04, 2022.

The Nasdaq closed up 0.71% as well to 11,079.16 points, against the current high of 16,057.44 points, recorded on November 16, 2021.

On the foreign exchange front, the euro opened lower on the Frankfurt foreign exchange market at $1.0814, down from $1.0830 on Friday, $1.0849 on January 12, a high since April 2022, and $0.9585 on September 27, a low since June 2002.

The euro has been above parity against the dollar since November 7, after being below parity since September 20, except for October 26 ($1.0076).

A barrel of Brent crude for delivery in March 2023 opened lower on London’s Intercontinental Exchange Futures (ICE), but at $84.49, down from $85.28 on Thursday.