European stock markets open with falls and sights set on the Fed and ECB next week

The European stock markets register falls in the early stages of the session this Thursday, and are cautious awaiting the meetings next week of the US Federal Reserve. (Fed) and the European Central Bank (ECB). given the foreseeable new rise in interest rates to curb inflation.

Minutes after the opening, Frankfurt gave up 0.22%; Paris, 0.14%, Milan 0.09%; London, 0.05%, and Madrid, turns around and drops 0.04%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, also left 0.26%.

Meanwhile, the main index of the Tokyo Stock Exchange, the Nikkei, fell 0.85% today due to profit-taking and a setback in the technology sector due to caution regarding the drift of the US Federal Reserve’s monetary policy ( fed).

Wall Street closed yesterday on mixed ground and the Dow Jones Industrials, its main indicator, rose 0.27% on a day marked by the decline in the technology sector and concern about interest rates.

From today until the result of the Federal Reserve (Fed) meeting next Wednesday, the 14th, is known, the European and American stock markets will remain on hold, in an environment of little activity and without major changes.

To the extent that the rate hikes carried out so far are considered insufficient to drive inflation to its 2% target and in the face of still-solid demand, additional rate hikes in the future cannot be ruled out, the Income analysts have highlighted. 4.

Today investors will be awaiting the publication in the euro area of ​​the final reading of the GDP for the first quarter and the initial requests for unemployment benefits in the US, the latter data already in the afternoon.

In Spain today the IBEX Technical Advisory Committee meets in ordinary session, in which no changes are expected to take place in the composition of the selective.

In the debt market, the interest on the ten-year German bond rises to 2.448%, while the Spanish advances to 3.466%.

As for raw materials, gold appreciates 0.10% and an ounce is trading at US$ 1,960.

Oil registers slight increases, which are 0.32% in the case of Brent, with a barrel at US$77.20, and 0.37% in that of West Texas Intermediate (WTI), up to US$72, 80, before the official opening of the market.

The euro remains stable and changes to US$ 1,070.