European stocks rise awaiting personal consumption data in the US.

The European stock markets rise this Friday shortly after starting trading, encouraged by yesterday’s positive close on Wall Street after a session of great volatility, and waiting for the evolution of US personal consumption prices to be announced. this afternoon at the opening of New York.

Paris advances 0.57% at 9.15; Madrid, 0.43%; Milan, 0.41%; London, 0.33%; Frankfurt, 0.22%, and the Euro Stoxx 50 index, which represents the largest listed companies, 0.4%.

The US market is going through a “high degree of uncertainty” that raises many doubts about “the trend that this market will adopt in the medium/short term,” says Link Securities.

Macro data this week (PMI, jobless claims) shows the US economy is strong, which would justify stronger interest rate hikes, some members of the Federal Reserve (Fed) the last days.

The result of the personal consumption price index (PCE) for January, which will be known this afternoon, will be decisive for the performance of the stock markets, one of the indicators that the Fed follows the most to know the evolution of prices.

At the same time, the futures of the main New York indices fell around 0.2%. The euro barely varies compared to the close of the day before, falling 0.03% and trading at 1.0593 dollars, while Brent oil rebounds more than 1%, costs 83.2 dollars a barrel, and returns to levels of last Tuesday .

The profitability of the bonds of the eurozone countries loses what was gained yesterday and the ten-year German debt has an interest rate of 2.439%.