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European stocks fall despite new highs on Wall Street

European stocks fall despite new highs on Wall Street

CAt around 8:45 am in Lisbon, the EuroStoxx 600 index fell 0.32% to 435.84 points.

The London, Paris and Frankfurt stock exchanges declined 0.55%, 0.14% and 0.08%, in addition to the Madrid and Milan stock exchanges, which fell 0.49% and 0.08%, respectively.

After the lower opening, the Lisbon Stock Exchange maintained the trend, and at 08:45, the main PSI20 index fell 0.68% to 4,982.94 points.

US Federal Reserve Chairman Jerome Powell on Friday issued a fresh optimistic message to the US economy, but also warned of the continuing risks posed by the pandemic.

Today, investors await the release of UK GDP and Eurozone retail data.

A batch of macroeconomic data will be released this week, and the US business results season is due to begin on Wednesday.

The New York Stock Exchange ended higher on Friday, with the Dow Jones climbing 0.89% to 33,800.60 points, a new high since its inception in 1896.

Likewise, the Nasdaq closed 0.51% at 13,900.19 points, versus the current maximum of 14,095.47 points, on February 12th.

On the exchange rate level, the euro opened lower today on the exchange market in Frankfurt, at $ 1.1887, against $ 1.1899 on Friday and the highest level since May 2018, at $ 1.2300, on January 5th.

A barrel of Brent oil for delivery in June opened lower in ICE futures, trading at $ 62.59, versus $ 62.95 on Friday, and the current high since December 2018 of $ 69.63 on March 11.

Also read: Wall Street ends the week higher with the Dow Jones and S & P500 Records