European stocks fall dragged by Wall Street

The main European stock markets have fallen this Tuesday dragged by Wall Street, which at the close in the Old Continent was left 0.6% after retail sales in the US below what was forecast by analysts.

London has fallen 0.34%, Milan, 0.17%; Paris, 0.16%: Frankfurt, 0.12%, Madrid, 0.11% and the Euro Stoxx 50 index, which groups the largest listed companies, 0.02%.

The session started in losses but with an upward trend and soon entered positive territory, an optimism that they have maintained despite the confirmation of the small rise in GDP in the euro area in the first quarter (0.1%) and the bad data from investor confidence in Germany (ZEW index) this month, which has accumulated three consecutive declines and has gone negative.

However, they have turned with the lower opening of New York, where retail sales and the fall in income from Home Depot have been poorly received, two signs that may indicate the impact of the rate hikes on consumption.

Brent oil fell 0.6%, to US$ 74.7 a barrel, when the stock markets closed despite the fact that today the International Energy Agency (IEA) has revised its consumption forecast upwards.

However, from the investment firm OANDA they believe that oil will rebound without new OPEC interventions if monetary tightening is relaxed in the US and credit improves.

The euro is trading at US$1.08, 0.1% below the day before, and gold at US$2,000 an ounce, 0.8% less.

As for the debt of the eurozone countries, the drop in yield in the morning has turned into rises of about five basis points and the ten-year bond from Germany, considered the safest, has closed with an interest of 2.348 %.