The European stock exchanges closed in negative territory, with the Euro Stoxx index falling for the third consecutive session. This decline was influenced by the drop in Galp shares and EDP companies, which dragged the Portuguese market and contributed to the negative tone observed across European markets.
Investors are assessing the prospects for interest rates in the Eurozone, at a time when inflation has resumed an upward trajectory contrary to that desired by the European Central Bank. This rise in inflation comes in a context of a new escalation in oil prices, driven by the resurgence of conflicts in the Middle East.
The 10-year public debt yields continue to rise, reflecting investors' concerns regarding the trajectory of interest rates and the control of inflation in the European region.
