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The European stock markets close with a different sign in a session without references

The main European stock markets have ended this Wednesday with a different sign in a day of little activity and with macroeconomic data in Europe that have been in line with expectations.

Frankfurt has risen 0.34%, Madrid, 0.22%, London has fallen 0.36%, Paris, 0.09%; and Milan, 0.01%; while the Euro Stoxx 50 index, which brings together the largest listed companies, has advanced 0.18%.

The markets opened negative and throughout the morning they recovered ground, even achieving small gains after midday, but they have fallen again despite the fact that Wall Street has opened with gains (0.4% at the European close).

Frankfurt has distanced itself from the general trend and has been positive for practically the entire session, encouraged by the presentation of good results by companies such as Siemens or Commerzbank.

At the macro level, it has been confirmed that inflation in the euro zone was 7% in April, the same figure given weeks ago.

In the debt market, the yield on the bonds of the eurozone countries has practically repeated the close of the day before. The ten-year German bond, considered the safest, has lost less than two basis points and remains at 2.3%.

The euro is trading at US$1,083, 0.3% less than the day before, and the ounce of gold shows the appreciation of the US currency and falls to US$1,980 (it has closed over 2,000 eleven consecutive sessions).

The barrel of Brent oil, rises 1.7%, to US$ 76.2.

Source: Elcomercio

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