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Markets: European stocks rising, debt interest rates rising


The main European stock exchanges opened this Tuesday, February 23, upwards, supported by the improvement of the global macroeconomic indicators and pending the appearance of the President of the Federal Reserve (Fed), Jerome Powell, in the United States Senate.

The London and Paris stock exchanges advanced 0.32% and 0.16%, as well as those of Milan and Madrid, which increased 0.71% and 0.28%.

Frankfurt was the exception, as it was down 0.33%. At around 08:45 in Lisbon, the EuroStoxx 600 was down 0.19% to 412.28 points.

After opening high, the Lisbon stock exchange maintained its trend and, at 08:45, the main index, the PSI20, rose slightly, 0.02% to 4,775.38 points.

The New York Stock Exchange ended mixed on Monday, with the Dow Jones rising 0.09% to 31,521.69 points, against 31,613.02 points on February 17, the current high since it was created in 1896.

Conversely, the Nasdaq closed lower on Monday, falling 2.46% to 13,533.05 points, against the current maximum of 14,095.47 points on February 12.

Brent wins

At the foreign exchange level, the euro opened unchanged on the Frankfurt exchange market, at $ 1.2165, against the current high since May 2018, at $ 1.2300, on January 5.

The barrel of Brent oil for April delivery opened up on London’s Intercontinental Exchange Futures (ICE), trading at $ 66.06, a high since May 2019, against $ 65.24 on Monday.

Debt interest goes up

Interest rates on Portuguese debt were rising today to two, five and 10 years compared to Monday, in line with those of Spain, Ireland and Italy.

At 8:30 am in Lisbon, 10-year interest rates rose to 0.235%, compared to 0.216% on Monday, after ending in negative territory in the sessions of January 15th, 11th and 8th, against the current low ever, -0.059%, verified on December 15.

10-year interest rates were also on a negative ground between December 8th and 16th.

Five-year interest rates also rose to -0.220%, from -0.232% on Monday, after falling to the current low of -0.506% on December 15.

In the same vein, interest for two years advanced to -0.571%, against -0.574% on Monday and the current low of -0.746%, also recorded on December 15.

Greece’s interest went down in two years and in five and 10 years.


Source: Expresso by expresso.pt.

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