The main European stock markets were trading higher this morning, with investors encouraged by the trend recorded on Wall Street on Tuesday.

At 08:50 in Lisbon, the EuroStoxx 600 was up 0.48% to 426.21 points.

The stock markets of London, Paris and Frankfurt advanced 0.18%, 0.62% and 0.46%, as did those of Madrid and Milan, which were up 0.33% and 0.26%, respectively.

After opening by rising, the Lisbon Stock Exchange reversed the trend and at 08:50, the main index, the PSI, fell 0.24% to 5,724.25 points.

Today’s macroeconomic agenda is limited to the publication of the GfK consumer confidence index in Germany and the Conference Board’s US consumer confidence index.

On Tuesday, the Wall Street stock market ended higher, with the Dow Jones advancing 0.28% to 32,849.74 points, against the maximum since it was created in 1896, of 36,799.65 points, recorded on 04 January this year.

On the foreign exchange front, the euro opened higher on the Frankfurt foreign exchange market, trading at $1.0630, down from $1.0615 on Tuesday 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).

Brent crude for delivery in February 2023 opened lower on London’s Intercontinental Exchange Futures (ICE) at $79.83, down from $79.99 on Tuesday and the year’s low of $76.10 recorded on December 13.