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European stock markets open higher pending the agreement to increase the debt ceiling in the US.

The European stock markets have opened this Friday’s session with increases of around 0.25%, in a session in which the negotiations between Republicans and Democrats to increase the State’s debt limit will continue to be pending, as well as the final data inflation for April in the euro area.

At the opening, the stock market that rose the most was that of Milan, 0.35%, followed by Madrid, with 0.33%, Frankfurt, with 0.27%, Paris, with 0.25% and London , with 0.24%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, also rose 0.27%.

The Tokyo Stock Exchange closed today at its highest level since August 1990, after the 0.77% advance of its main indicator, the Nikkei, harvested thanks to the boost given by the good closing on Wall Street on Thursday given the prospect of reach an agreement to increase the debt ceiling in the US.

Wall Street closed yesterday in the green, and the Dow Jones Industrials, its main indicator, rose 0.34%, as investors continue to wait for Democrats and Republicans to reach an agreement on the US debt ceiling soon.

For the moment the positions remain at odds and the Republicans are trying to reach an agreement that limits spending before accepting a rise in the debt ceiling.

Likewise, today in the euro area the final April CPI data will confirm price levels that are still very high compared to the 2% target.

In the debt market, the interest on the ten-year German bond, considered the safest, rises to 2.452%.

As for oil, Brent, a benchmark in Europe, advances 1.04% and the price of a barrel is listed at $76.65, while West Texas Intermediate (WTI), a benchmark in the US, also It advances 1% to $72.58.

The euro appreciates slightly by 0.17% and changes to US$ 1.078.

Source: Elcomercio

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