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The European stock markets closed higher this Wednesday, April 3

The European stock markets closed this Wednesday with advances, except for Madrid, while they awaited the decision on interest rates from the Federal Reserve (Fed), which finally went up at 0.25 points.

London added 0.2%; Paris 0.28%; Frankfurt 0.56% and Milan 0.77%, while Madrid left 0.06%. The Euro Stoxx 50 Index, which includes the European companies with the largest capitalization, has advanced 0.36%.

The European markets started to rise and reached their intraday maximum at noon, when the market learned that the unemployment rate in the euro area fell one tenth in March, to 6.5%, a new all-time low, but they moderated their advances on Wall Street , which opened without a clear direction (at the close the Dow Jones was down 0.2%).

The Spanish stock market followed a different route: it went into losses in the morning and tried to escape them supported by the initial advances on Wall Street, which were finally insufficient and left the market with no time to switch to profits with its European counterparts.

This Wednesday the ADP private employment report for April was also published in the US, whereby the number of jobs created (296,000) doubled both that expected and that of March, while the service sector (according to the index prepared by ISM) grew in April in that country for the fourth consecutive month.

In this context, the euro rose 0.5% compared to the “green ticket”, to 1.1055 dollars; The weakness of the dollar was taken advantage of by the troy ounce of gold, which advanced 0.42% and was traded at $2,025, near the zone of historical maximums.

Brent crude, a benchmark in Europe, continues to fall sharply due to the prospect of lower demand for the raw material and this Wednesday it left 4.55%, at 71.8 dollars a barrel (in the year it became cheaper by more than 16%), and returns to the level prior to the cut in the OPEC+ oil supply.

For its part, Texas WTI oil fell 5% and traded at US$ 68.06. Waiting for the central banks, the interest on the long-term German debt has barely changed and has closed at 2.244%. Bitcoin depreciated 1.54%, to US$ 28,255.

Source: Elcomercio

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