European scholarships fall with focus on US elections and tensions in Iran

Athe main European scholarships opened today at a low level, in the face of the expectation of diplomatic advances in Iran and with our eyes on the mid-term elections in the United States.

At 09:00 in Lisbon, the EuroStoxx 600 dropped 0.77% to 644.42 points.

The scholarships from London, Paris and Frankfurt were 0.62%, 0.60% and 1.05%, as well as Madrid and Milan, which fell 1.03% and 1.01%.

The Lisbon grant maintained the opening trend, with the main index, PSI, to fall 0.27% to 9.227.25 points.

The euro was stabilised against the dollar, below $1.12, rising 0.04% to $1.1192 on the Frankfurt exchange market.

In the USA, where today will be known the first employment figure of the week in the USA, futures fall by 0.63% for Dow Jones and 0.03% for Nasdaq technology.

On Monday, the technological sector fell 1.07% due to the fall of semiconductors, which intensified, leading to a technical correction of Nasdaq, with a drop of 10% compared to the maximums.

In Asia, the Taiwan Stock Exchange Reference Index, Taiex, closed with a fall of 3.59%, with sharp decreases among technology, the main index of the Seoul Stock Exchange, Kospi, retreated 3.59%, the Tokyo Nikkei dropped 0.33%, the Shanghai Stock Exchange Reference Index yielded 0.82%, and the Shenzhen Stock Exchange lost 1.21%.

Hong Kong's Hang Seng rose 0.22% just before the end of the session.

With investors watching the midterm elections in the US, in which Democrats are favorite to recover the House of Representatives, and a divided Congress that would limit President Donald Trump's agenda, with implications for tariffs, fiscal policy, variable income and the dollar, oil goes up again.

The price of Brent's generic reference barrel contract in Europe increased 2.11% to 106.98 dollars and that of the US-reference West Texas Intermediate barrel (WTI), rose 1.83% to $98.23.

The contract price at one month of natural gas on the TFF market in the Netherlands, reference in Europe, fired 3,96% to 98,616 euros per megawatt hour (MWh).

Iran presented a two-day plan to reopen the Strait of Ormuz, the Supreme Leader authorized the negotiations and Trump said that an agreement “could take place”. After the fall in Monday's prices, the market is already distancing, but there is a risk of reversal if hostilities are resumed, which is already happening by the US in Iran.

In turn, the interest on Germany's 10-year bond, considered the safest in Europe, rose to 3.315 % against 3.291%, as well as those in France to 4.942%, as against 4.897%.

On the other hand, the 10-year interest on US debt fell to 4.912%, compared with 4.914%.

However, precious metals were in decline, with gold depreciating 1.26% to 3,896.80 dollars per ounce and silver falling 3.79% to 48,7170 dollars.

Bitcoin drops from 0.04% to 76,639.7 dollars.