European stocks close higher thanks to Wall Street

The main European stock markets have closed higher this Thursday thanks to the advance of Wall Street (0.5% at the close in the Old Continent) in an intense session in conjuncture data and marked by the warning of the Federal Reserve about a possible recession to the end of the year.

Paris has risen 1.13%; Madrid 0.34%; London 0.24%; Frankfurt 0.16%; the Euro Stoxx 50 index, 0.67%; while Milan has lost a minimum 0.01%.

Yesterday the Federal Reserve published the minutes of its last meeting and in them warned that the economy may enter a slight recession at the end of this year, as a result of the banking crisis last month and as a consequence of the interest rate rises. .

The weekly jobless claims released today show a labor market a little worse than forecast by analysts but still strong compared to previous episodes of economic recession.

From the macroeconomic calendar in Europe, the stagnation of GDP in the United Kingdom in February (0.0%) and the confirmation of the 7.4% price increase in March in Germany stand out, the same figure that the data released a few days ago.

The euro continues its run and this Thursday it reached 12-month highs by exceeding US$1.1, although at the close of the European stock markets it moderated a bit and traded at US$1,097.

The depreciation of the dollar continues to boost gold, which has marked another maximum since the Ukraine war this afternoon at US $ 2,048 an ounce, but when the markets closed it relaxed its rise to 0.22%, US $ 2,008.

Brent oil is sold at $87 a barrel, 0.26% less than the day before, after OPEC lowered its forecast for expected consumption in Europe.

In the debt market there are hardly any changes compared to Wednesday. The yield on the ten-year bond in Germany has closed at 2.366%, less than one hundredth, in line with the rest of the countries in the euro area.