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European stock markets open mixed awaiting approval of the debt ceiling in the US.

The European stock markets have opened this Tuesday in a mixed tone awaiting the information coming from the US on the dates on which both houses of Congress are expected to vote on the text for the approval of the new limit of the ceiling of the debt.

At the opening, the Frankfurt stock markets registered advances of 0.16%; Madrid, with 0.13%, and Milan, with 0.04%, while Paris lost 0.19% and London, which did not open yesterday due to a stock market holiday, fell 0.05%.

The New York Stock Exchange did not operate yesterday as Memorial Day was celebrated.

Today, the main index of the Tokyo Stock Exchange, the Nikkei, rose 0.3% in the session on Tuesday and chained its fourth day to the rise, thanks to the impulse of exporters, benefited by the weakness of the yen against the dollar .

The macroeconomic agenda for the day brings some interesting appointments, highlighting the publication in Spain of the preliminary reading of year-on-year inflation, which slowed to 3.2% in May, 0.9 points less than the rate registered in April, mainly due to cheaper fuel and, to a lesser extent, to the moderation in the price of food and non-alcoholic beverages.

In addition, In the euro area, the economic and sectoral confidence indices for May will be announced, as well as the final reading of the consumer confidence index for the same month.

This afternoon it will be published in the US, the consumer confidence index for the month of Maythe one prepared by the consultancy The Conference Board, which is expected to have deteriorated slightly compared to the previous month, according to Link Securities.

In the debt market, the interest on the long-term German bond, considered the safest, remains stable at 2.426%, while the Spanish yields up to 3.464%.

Gold falls 0.36% and the price per ounce stands at US$1,956.

Oil falls, in the case of Brent, the benchmark in Europe, yields 0.70% to US$ 76.56 a barrel, while West Texas Intermediate (WTI), a benchmark in the US, it also falls 0.45% to US$ 72.34, before the official opening of the market.

The euro depreciates 0.31% compared to the “green ticket” and changes to US$ 1.068.

Source: Elcomercio

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