The most important European equity markets today rose 1%, influenced by the situation in Turkey and the evolution of the Turkish lira, while the negotiations between the United States and China are cautiously expected.
By 8.45 am (Lisbon time), the stock market was the biggest gain, one of the most important, Paris with an increase of 0.64% to 5,379.21 points.
The Frankfurt and Madrid stock markets followed, with increases of 0.61% to 12.285.10 points and from 0.46% to 9.460.30 points respectively.
For its part, London traded with a rise of 0.37% to 7,586.51 points, while Milan rose by 0.21% to 20,458.66 points.
At the same time, the Lisbon stock exchange had greater profits, from 0.71% to 5,499.91 points.
According to the BPI stock exchange that is available on the internet every day, influencing these figures is the concern of European investors about the situation in Turkey, as well as the development of the Turkish lira, which has been devalued on the Asian markets against the dollar. .
This concern also struck credit rating agencies, with Standard & Poor's BB's long-term currency risk rating lowering from BB to B + and BB & # 39; s long-term local currency to BB.
In turn Moody & # 39; s reduced the Turkish debt from Ba2 to Ba3, and changed the outlook from stable to negative, without excluding the possibility of a further decline, while Fitch had the rating of Turkey since the middle of July, when it lowered to BB with negative prospects from BB +, issued a statement on the "incomplete political response" by the Turkish government to the depreciation of Lira.
In addition to these factors, the new round of negotiations in trade relations between the US and China, which is expected to begin at the end of this week and is expected to take place under strong pressure, creates prudence among European investors.