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The European stock markets open with falls awaiting the GDP of the eurozone

The European stock markets have opened the session this Tuesday with slight falls awaiting the GDP data for the first quarter in the euro area and the ZEW investor confidence survey in Germany.

At the opening, the market that fell the most was that of Paris, 0.29%; followed by Frankfurt, with 0.21%; Milan, with 0.20%; London, with 0.13%, and Madrid, with 0.12%.

The Euro Stoxx50, the index in which the largest capitalization European companies are listed, also lost 0.33%.

The fall of the London Stock Exchange occurs when it has been known that the unemployment rate in the United Kingdom increased to 3.9% in the first three months of the year, compared to the previous 3.8%, as reported on Tuesday by the National Statistics Office (ONS) in a statement.

The main index of the Tokyo Stock Exchange, the Nikkei, closed at its highest level in more than 19 months, rising 0.73% in the session this Tuesday, encouraged by the recovery on Wall Street and the well-received financial reports in the country.

Wall Street closed yesterday in the green, and the Dow Jones Industrials, its main indicator, rose 0.15%, as investors await Democrats and Republicans to reach an agreement on the US debt ceiling.

With a results season practically over, investors’ attention will once again focus on macroeconomic data, especially after the central banks have decided to increase interest rates in May, which means, according to IG analyst Diego Morín , that could be “continue with a certain laterality in the main stock markets until signs of improvement in inflation are seen or, alternatively, that the interest rate rises stop”.

In the debt market, the interest on the long-term German bond falls and stands at 2.256%, while the Spanish one also yields up to 3.323%.

As for raw materials, gold fell 0.60% and the price per ounce was trading at $2,010.

Oil is also down, and Brent, a benchmark in Europe, after losing 0.20%, places the price of a barrel at $75.08, while West Texas Intermediate (WTI), a benchmark at The US also falls, 0.23%, to $70.95 a barrel.

The euro appreciates slightly by 0.04% compared to the “green ticket” and changes to 1.087 dollars.

Source: Elcomercio

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