European stock markets in positive territory on US holiday. PSI closes in the green

On a holiday in the United States, European stock markets closed tepidly. The Stoxx 600 rose 0.17% and the EuroStoxx 50 advanced 0.25%.

Most indexes closed in positive territory, the Dutch AEX closed negative, falling 0.04%.

The PSI rose 0.65% to 7,810.85 points, driven by EDP Renováveis, which rose 1.69% to 10.21 euros. EDP rose 0.53% to 3.807 euros.

NOS stood out, rising 1.41% to 3.96 euros, as did Sonae, which rose 1.56% to 1.298 euros.

Jerónimo Martins closed up 0.95% to 21.34 euros and BCP recovered part of last week's losses, rising 0.55% today to 0.7280 euros.

Mota-Engil, on the other hand, fell 2.27% to €4.94. REN fell 0.17% to €2.985, and Navigator lost 0.06% to €3.314.

In the main European markets, green dominated. The FTSE 100 rose 0.10% to 9,196.34 points; the CAC advanced 0.05% to 7,707.9 points; the DAX appreciated 0.57% to 24,037.33 points; the FTSE MIB rose 0.51% to 42,409.71 points; and the IBEX advanced 0.02% to 14,939.4 points.

"European stock markets closed higher, driven by indications that industrial activity in China, the Eurozone, and the United Kingdom returned to expansion in August," MTrader analysts noted.

Industrial activity in China unexpectedly returned to expansion in August, a trend also followed by the Eurozone sector, in this case more robustly than the preliminary figure indicated. The same pattern was observed in the United Kingdom.

"The PSI followed the international market and gained 0.6%, after S&P Global raised the Portuguese debt rating from A to A+ last Friday, with a stable outlook," they add.

Analysts point out that because it was a holiday in the US (Labor Day) and Wall Street was closed, trading volume ended up being weaker than usual.

The euro rises 0.11% to $1.1699.

"The dollar's weakness is one of the biggest talking points in financial markets this year. And, if the Trump administration's policies remain unchanged, it will remain a key factor for the rest of the year," according to analysts at Wellington Management.

In other markets, Brent rose 1.05% to $68.19 a barrel.

In the sovereign debt market, Germany saw its 10-year bond yield rise 2.29 basis points to 2.75%. France saw its yield rise 2.52 basis points to 3.54%, and Portugal saw its yield rise 1.31% to 3.19%. Spain saw its yield rise 2.11 basis points to 3.35%.

The UK has seen 10-year interest rates soar by 2.95 basis points to a yield of 4.75%.