European stock markets down. Investors fear recession in US and Europe

The main European stock markets were trading lower this morning as investors feared a recession in the United States and Europe.

At 09:00 in Lisbon, the EuroStoxx 600 was down 0.66% to 422.96 points.

The London, Paris, and Frankfurt stock markets were down 0.47%, 0.63%, and 0.75%, as well as Madrid and Milan, which were down 0.57% and 1.14%, respectively.

After opening with a decline, the Lisbon Stock Exchange maintained the trend and at 09:00 the main index, the PSI, fell 0.24% to 5,691.42 points.

Today investors will be awaiting the publication of several macroeconomic indicators, such as producer prices in Germany or the preliminary level of consumer confidence in the Eurozone.

On Monday, the Wall Street stock market ended lower, with the Dow Jones down 0.49% to 32,757.54 points, against the maximum since it was created in 1896, of 36,799.65 points, recorded on January 04 this year.

On the foreign exchange front, the euro opened lower on the Frankfurt foreign exchange market, trading at $1.0608, down from $1.0625 on Monday, and down from $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 February 2023 opened lower on London’s Intercontinental Exchange Futures (ICE) at $79.40, down from $79.80 on Monday and the year’s low of $76.10 recorded on December 13.