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European stock markets open with doubts pending negotiations on the debt ceiling in the US.

The European stock markets have started the session with doubts, and only London and Madrid registered slight gains, in a session in which the attention is focused on the negotiation process on the debt ceiling in the US, after a deal has not yet materialized. agreement between Democrats and Republicans.

At the opening, the only stock markets that registered slight advances were London, which rose a meager 0.15%, and Madrid, 0.04%, while Milan lost 1.09%; Paris, 0.32%, and Frankfurt, 0.16%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also fell 0.16%.

The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.9% in the session on Monday and exceeded the psychological barrier of 31,000 points for the first time since July 1990, before the bursting of the financial bubble in Japan. .

For its part, Wall Street closed on Friday with losses and the Dow Jones Industrials, its main indicator, fell 0.33%, after optimism about an agreement between Democrats and Republicans on the debt ceiling of USA

The deadline to reach the agreement could be between June 1 and 15, which depending on the evolution of tax revenues could be the moment, according to the US Treasury Secretary, Janet Yellen, in which they would run out of liquidity to meet their payment obligations.

Today, in the euro area, the preliminary data for May on consumer confidence will be published.

Looking ahead to the week as a whole, there will be plenty of macro data to be released, including May flash PMIs for Japan, the US, Europe and the UK.

In the US, the core private consumption deflator, the favorite inflation measure of the Federal Reserve (Fed), will be released on Friday, which could have stabilized in April.

In the debt market, the interest on the long-term German bond, considered the safest, rose today to 2.426%, while the Spanish one advanced to 3.471%.

As for oil, Brent, a benchmark in Europe, fell 0.97% and a barrel was trading at $74.88, while West Texas Intermediate (WTI), a benchmark in the US, fell 0 .93% to US$ 71.02 a barrel before the official opening of the market.

The euro was stable and was exchanged at US$ 1,080.

Source: Elcomercio

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