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European stock markets open higher after advances on the debt ceiling in the US.

The European stock markets have opened the session this Thursday on the rise, picking up the increases of the day before on Wall Street after the advances in the meeting between the president of the United States, Joe Biden, and Congress on the debt ceilingalthough additional efforts will still have to be made to reach an agreement, which could include certain spending ceilings.

In the first minutes of the session, the stock market that rose the most was that of Milan, 0.79%, followed by Frankfurt, with 0.70%; Paris, with 0.58%; Madrid, with 0.52%, and London, with 0.37%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, also advanced 0.63%.

The main index of the Tokyo Stock Exchange, the Nikkei, rose 1.6% in the session this Thursday, given the optimism that the negotiations on the debt ceiling in the US Congress bear fruit and the country avoid defaulting .

This optimism was experienced yesterday on Wall Street, where the Dow Jones Industrials, its main indicator, rose 1.24%, given the hope of an imminent agreement in this regard, which puts an end to several days of tension.

Likewise, today the stock markets will be attentive to the publication of the Philadelphia Fed manufacturing index for May, the initial weekly unemployment claims also in the US, and the advanced indices prepared by The Conference Board consultancy.

In the debt market, the interest on the ten-year German bond rose at the beginning of this day to 2.370%, while the Spanish one reached 3.427%.

As for oil, Brent, a benchmark in Europe, fell 0.36% to US$ 76.71 a barrel, and West Texas Intermediate (WTI), a benchmark in the US, fell 0. 37% up to US$ 72.56, before the official opening of the market.

The euro fell slightly by 0.16% and was exchanged at US$ 1,082 dollars.

Source: Elcomercio

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