The main European stock markets opened higher on Wednesday, attempting to recover after a series of sessions marked by volatility and concerns about borrowing rates.
At the opening, Frankfurt’s DAX was up 0.47%, Paris’ CAC 40 gained 0.48%, while London’s FTSE 100 rose only 0.13%, reflecting continued investor caution.
However, these rebounds remain fragile : the recent rise in bond yields, a consequence of political and budgetary uncertainties, continues to weigh on the cost of debt and market sentiment.
In New York, the main indices closed sharply lower : the Dow Jones fell 0.55%, the S&P 500 0.69% and the Nasdaq 0.82%. The decision by an appeals court to rule that several tariffs imposed by the Trump administration were illegal has reignited fears of trade instability.
A tense month of September
Historically unfavorable for equities, September is currently living up to its reputation as a “black month” for global stock markets. In the United States, the S&P 500 has fallen by an average of more than 4% over the last five years in September and by more than 2% over the last decade.
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Read also > [STOCK MARKET UPDATE] The political situation in France weighs on market confidence
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