The main European stock markets trade with slight movements at the opening of this Thursday, and fall slightly, after the US Federal Reserve. (Fed) decided to maintain its monetary policy despite the banking turmoil and raise interest rates at 25 basis points.
Half an hour after the opening of the session, London (FTSE 100) stands out by falling 0.45%; while Madrid (IBEX 35) lost 0.27%; Frankfurt (DAX), 0.14%; Milan (FTSE MIB), 0.05%; and Paris (CAC 40), 0.04%.
The Euro Stoxx 50 index, for its part, rises 0.08%. The euro advances and changes to US$ 1.09 at this time, while Brent oil, the benchmark in the Old Continent, falls 0 .38%, up to US$ 76.39.
Gold adds 0.49%, up to US$ 1,976.95. In the debt market, the yield of the ten-year German bond, considered the safest in Europe, falls to 2.265%.
The European markets have opened with slight movements after the Fed decided yesterday to undertake its ninth rise in interest rates, in this case, by 25 basis points.
At a press conference, the Fed Chairman Jerome Powellsaid an interest rate cut this year was not part of the central bank’s “benchmark expectation”, although recent turmoil in the banking sector could slow the economy.
Likewise, the US Treasury Secretary, Janet Yellen, assured in reference to the banking crisis, that users of bankrupt entities would be protected, but that she does not plan to insure all bank deposits.
In Asia, the reference index of the Shanghai Stock Exchange gained 0.64% today after adding 20.9 points to 3,286.65. For its part, the Shenzhen parquet scored 108.36 units (+0.94 %) and ended with 11,605.29.
Wall Street reacted downward, and its main indicator, the Dow Jones Industrials, fell 1.63%, but today the futures on the main US indicators rebound this Thursday.
In today’s session, the market’s attention will be on the Bank of England, which will announce its monetary policy decisions.
Source: Elcomercio

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