The European stock markets slow their advance at the close affected by the doubts of Wall Street

The main European stock markets have experienced a very uneven day this Monday, in which the doubts of Wall Street, which opened with falls and at the close of the markets in Europe repeated the result of Friday, has cut off the advance of the Old Continent squares .

Milan has fallen 0.37%, Madrid, 0.35%; and the Euro Stoxx 50 index, which groups the largest listed companies, 0.03%; Frankfurt and Paris, which have entered losses at the same time as the New York market, have rallied and closed with little gain of 0.02% and 0.05%, respectively.

Meanwhile, London has stood out from the rest and has risen 0.3%. Although it has not entered losses all day, it has also suffered from the bad start of the Wall Street indices.

After a few weeks in which the attention of investors has been on the central banks, which have chosen to continue raising interest rates to curb inflation, and business results, the coming days will be the macroeconomic data that will serve as a thermometer of the economic situation.

“It is time to verify whether monetary policy is working to moderate demand and achieve the objective of combating inflationary pressures”indicates Bankinter in a market report.

Industrial production in the euro area, the first indicator of the week, fell 4.1% year-on-year in March, when analysts expected it to rise, which may imply a stronger-than-expected economic deterioration.

However, the European Commission has raised this Monday its GDP growth forecast for the euro countries compared to the forecasts of last winter, although the progress is small (1.1% this year).

With the euro at $1.087 at the close of the stock market, 0.13% more than the close on Friday; the benchmark oil in Europe, Brent, gained 1.5%, to $75.3 a barrel; and gold, 0.35%, with what remains above US$ 2,000 an ounce.

In the debt market, the yield on Germany’s ten-year bond, considered the safest, has climbed less than five basis points and ended at 2.306%.