European stock markets open higher attentive to the economic prospects of the EU

The European stock markets have opened this Monday with slight increases, with the exception of Madrid, which after starting with slight gains has quickly turned to losses, in a session in which they will be awaiting the publication of the economic perspectives of the European Commission.

In the early stages of the session, only Madrid lost 0.22%, while Paris advanced 0.46%; London, 0.42%; Frankfurt, 0.38%, and Milan, 0.30%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, gained 0.42%.

The Tokyo Stock Exchange closed this Monday with a rise of 0.81% in its main indicator, the Nikkei, and ended again at its best level in 18 months encouraged by exporters and given the recent announcements of results from several Japanese companies.

For its part, Wall Street closed on Friday in red and the Dow Jones Industrial Index fell 0.03%, weighed down by worse-than-expected data on consumer confidence in the US and by doubts about banking area of ​​the country.

According to Link Securities analysts, a session like the last ones that have occurred is expected today, with little volume and without much price variation.

In addition to the economic outlook that the European Commission will publish today, the markets will be awaiting data from the eurozone on industrial production for March and the wholesale price index for April in Germany, while in the US the Index Manufacturing Empire State of New York in May will mark the day.

In the debt market, the interest on the ten-year German bond rose at the beginning of the session to 2.290%, while the Spanish advanced to 3.359%. As for raw materials, gold reached 0.17 % and the price per ounce was US$ 2,023.

For its part, Brent oil, a benchmark in Europe, fell 0.26%, with the price per barrel standing at US$ 73.98, while West Texas Intermediate (WTI), a benchmark in the US, fell 0.21% to 69.9 dollars a barrel, before the official opening of the market.

The euro appreciated 0.20% compared to the “green ticket” and changed to US$ 1.087.