European stock markets open with a mixed sign after OPEC’s decision to maintain production cuts

The European stock markets have opened the session this Monday with a mixed behavior, and while Madrid, London and Frankfurt post increases, Paris and Milan tend to be in the red, in a session in which interest is set on the decision of OPEC+ to keep its production cuts unchanged.

In the first minutes of the session, the stock market that rose the most was that of London, with 0.34%, followed by Madrid, with 0.25%, and Frankfurt, with 0.14%, while Paris and Milan, both are left, 0.01%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, fell 0.05%.

The main index of the Tokyo Stock Exchange, the Nikkei, rose 2.2% in the session on Monday and closed above 32,000 units for the first time in nearly 33 years, encouraged by the good recent economic developments in the United States. Joined.

Wall Street closed last Friday in the green and the Dow Jones de Industriales, its main indicator, rose 2.12% as investors celebrated that the Lower House approved the debt ceiling bill yesterday, a crucial step to avoid a US default.

The markets will be awaiting this week the next meetings of the central banks, which will be held the following week, and that in the case of the Federal Reserve (Fed) it is expected to pause on uploads.

Meanwhile, oil is leaning today towards gains after yesterday Saudi Arabia will reduce its crude supply by one million barrels per day starting next July 1, a “voluntary” cut that it will implement in addition to continuing to comply with the limitations. of the pumping to which it has committed in OPEC+.

In this way, Brent crude, a benchmark in Europe, advances 1.85% to $77.55 a barrel, and West Texas Intermediate (WTI), a benchmark in the US, also rises 2, 04% to $73.18, before the official opening of the market.

In the debt market, the interest on the long-term German bond, considered the safest, rises and stands at 2.373%, and the Spanish one also advances to 3.366%. The euro depreciates by 0.38% and changes to $1.0686.