European stock markets open higher and remain awaiting inflation data

The European stock markets have opened the session this Thursday with slight increases pending in the inflation data in Spain and Germany, and driven by the positive closing of Wall Street yesterday.

At the opening, the market that advanced the most was Madrid, 0.88%, followed by Paris, with 0.61%; Frankfurt, with 0.55%; Milan, with 0.47%, and London, with 0.13%.

The Euro Stoxx50, an index in which the companies with the largest capitalization in Europe are listed, also gained 0.60%.

The main index of tokyo stock exchangethe Nikkei, fell 0.36% this Thursday, due to the withdrawal of benefits and different movements due to the end of the Japanese fiscal year and the collection of dividends.

Wall Street it closed yesterday in green, and the Dow Jones Industrials, its main indicator, rose 1%, as the banking sector calms down.

In today’s session, the possibility is not ruled out, according to Link analysts, that some investors, the most short-sighted, take advantage of the recent rises in many securities to reduce positions.

Today it has been known that the inflation rate in Spain has fallen to 3.3% in March, 2.7 points below that of February and the lowest since August 2021, due to the evolution of energy.

The CPI data for March in Spain already released, and that of Germany, which is also published today, will be followed tomorrow by those of France and the euro area.

Confidence indicators in the euro area will also be released today, which, in line with other similar reports from March, could improve slightly, although with downward pressure expected for the future given the recent financial tensions and previous rate hikes, according to reports highlighted the Renta 4 analysts.

Likewise, the Bureau of Labor Statistics (BEA) publishes the figures of the second revision of the gross domestic product (GDP) of the United States for the fourth quarter of 2022.

In the debt market, the interest on the long-term German bond fell at the opening to 2.232%, while the Spanish yielded to 3.275%.

Oil is stable, and the price of Brent crude, a benchmark in Europe, fell 0.04% to reach US$ 77.56 a barrel, while West Texas Intermediate (WTI), a benchmark in the US. In the US, it rose a slight 0.01% to US$ 72.98, before the official opening of the market.

Gold reached 0.10% and an ounce stood at US$1,986, while the euro fell 0.16% and was exchanged at US$1,092.