The European stock markets open negative following the trend of yesterday’s closing

The European stock markets have opened the session this Tuesday in negative, following the trend of the yesterday’s closingwhen they also ended in the red in a session that did not count on the trend of Wall Street, closed for the Liberation Day holiday.

At the opening, all the stock markets lost more than 0.25%, so that Frankfurt lost 0.62%, Milan, 0.39%, Madrid, 0.30%, London, 0.27% and Paris, 0.25%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, also left 0.38%.

For its part, the main index of the Tokyo Stock Exchange, the Nikkei, closed almost flat this Tuesday due to the collection of benefits after the recent upturns and after the stock market close in the US the previous day, which made the Japanese remain cautious.

Today, the Chinese central bank fulfilled the forecasts of analysts and investors by announcing a cut in its benchmark interest rates to try to stimulate the national economy, which is showing signs of slowing down in its recovery process after the pandemic.

In a statement published on its website, the People’s Bank of China (BPC) indicated that it will lower the reference rate for one-year loans by ten basis points, from 3.65% to 3.55%, the last variation of which dated from last August, when the institution cut it from 3.7%.

In today’s session, investors will be awaiting producer price data for Germany, while in the US, the data for new homes for the month of May will be known.

In the debt market, the interest on the German ten-year bond falls to 2.490%, while the Spanish one also falls to 3.407%.

Regarding raw materials, gold appreciates 0.07% and an ounce is trading at US$ 1,963.6.

Regarding oil, Brent, a benchmark in Europe, rose slightly by 0.09% and the price per barrel is trading at $76.16, while West Texas Intermediate (WTI), a benchmark in the US, it falls 0.18% to $71.38 a barrel, before the official opening of the market.

The euro advances 0.04% and changes to US$ 1,092.