The major indexes on the other side of the Atlantic opened higher, trading most of the session in the red and back in the green at the end of the day.

Supporting the gains was the release of the minutes of the last monetary policy meeting of the Federal Reserve in the United States, which showed caution regarding future decisions on interest rates, given the uncertainty about the economic outlook.

“All participants agreed that the FOMC is in a position to ‘proceed cautiously’ and that monetary policy decisions will be more dependent on economic data and take into account the ‘balance of risks,’” the minutes said. The region’s index rose 0.43% to 4,376.95 points, the Dow Jones Industrial Average advanced 0.19% to 33,804.87 points, and the Nasdaq Composite Technology Index advanced 0.71% to 13,659.68 points.

He explained that trading volume recorded a decline on Wednesday, at a time when, after three sessions of gains, there may be “some capital gains,” which is considered “a natural phenomenon, after a large upward movement in a short period of time.” In statements to Reuters, Mark Luchini, who is responsible for investment strategy at Janney Montgomery Scott, said:

Among the major market moves, Birkenstock shares fell 12% in the first minutes of trading in New York, on the day of its debut on the stock exchange. The German sandal maker’s shares started trading at $46 per share, the value of its initial public offering (IPO), but ended with a 12.61% loss to $40.2.

It also focused market attention on ExxonMobil, which acquired Pioneer Natural Resources (PNR) for $59.5 billion (€56.2 billion). The process is expected to be completed in the first half of 2024. Exxon Mobil shares fell 3.6%, while PNR shares advanced 1.4%.

The market is now awaiting the US September inflation report, which will be announced on Thursday.