European stock markets open with falls of around 0.50% pending PMI

The European stock markets have opened the session on the last day of the week again with declines of around 0.50%, thus following the cuts that took place yesterday, thus responding to the decisions of the central banks to maintain the highest rates for longer before the high inflation, and waiting today to know the PMI both in the euro area and in the US.

At the opening, the stock market that has lost the most has been that of Frankfurt, with a fall of 0.82%, followed by Madrid, with 0.67%; Milan, with 0.59%; Paris, with 0.53%, and London, with 0.35%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, also lost 0.58%.

The tokyo stock exchange It ended today with a 1.45% decline in its main indicator, the Nikkei, after investors opted to take profits after recent rises and the redistribution of portfolios of large public and private investment funds.

Wall Street closed yesterday on mixed ground and the Dow Jones de Industriales, its main indicator, fell a slight 0.01%, when the eyes of investors continue to be on the international central banks.

Yesterday, the Bank of England raised interest rates by half a point, from 4.5% to 5%, the highest level since 2008, in order to control year-on-year inflation in the United Kingdom, which last May stood at 8.7%.

For his part, he Swiss National Bank (SNB, central) announced a 25 basis point rise in interest rates to 1.75%, in order to counteract inflationary pressures.

The Turkish Central Bank, among others, has also raised interest rates to 15% this Thursday, 6.5 points more than the rate in force since last February, the first increase in the price of money in 27 months.

Meanwhile, Banco de México has decided to keep the rate unchanged at 11.25% for the second time.

In today’s session, The most important thing will be the publication of the PMI for June both in the US and in the Eurozone, Germany, France and the United Kingdom, which will update the moment of the economic cycle.

In Spain, at this time it has been revealed that the National Statistics Institute (INE) has raised the growth registered by the Spanish economy in the first quarter of the year to 0.6%, one tenth more than initially estimated, according to with the national accounting data released this Friday.

In the debt market, the interest on the German ten-year bond falls to 2.461%, while the Spanish one also falls to 3.410%.

Regarding raw materials, gold remains stable and an ounce is at $1,924.

Oil falls, and in the case of Brent, the benchmark in Europe, after falling by 0.88%, the price of a barrel is listed at US$ 73.49, and the West Texas Intermediate (WTI)a benchmark in the US, also fell 1.01% to US$ 68.81 a barrel.

The euro, for its part, continues to change at US$ 1,092.