European stock markets open in the red, continuing last week’s correction

The European stock markets have opened lower, thus continuing with the correction dynamics of last week and influenced by the official employment data for June in the US, according to which the unemployment rate falls to 3.6%, while wages accelerate, which is compatible with a 25 basis point rate hike at the next Federal Reserve meeting on July 26.

At the opening, the stock market that fell the most was that of Paris, with 0.31%, followed by Milan, with 0.29%; Madrid, with 0.27%; Frankfurt, with 0.09%, and London, with 0.05%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, also lost 0.28%.

The main index of tokyo stock exchangethe Nikkei, fell 0.61% this Monday for the fifth consecutive day, given the growing concern about a monetary tightening in the United States and the slowdown in the global economic outlook.

For its part, Wall Street closed last Friday in the red this Friday and the Dow Jones de Industriales, its main indicator, fell 0.55% in another session weighed down by fears that the Federal Reserve will soon raise interest rates again.

Today, investors will turn their attention to the Sentix Investor Confidence Index for July.

Likewise, next Wednesday the US CPI data for June will be released, where a moderation in the general rate is expected, but with subjacent inflation still at high levels, and consumer confidence from the University of Preliminary Michigan for July, which could register some recovery, although at still low levels.

Also this week will be the release of inflation data from China, which is expected to continue to show no signs of inflation, which could facilitate further fiscal or monetary stimuli, and the US second quarter earnings season will kick off. ., among which those of JP Morgan, Wells Fargo, Citigroup and the Blackrock manager stand out.

In the debt market, the interest on the long-term German bond rises and stands at 2.635%, while the Spanish one also advances to 3.687%.

Regarding raw materials, gold falls 0.14% and an ounce is trading at $1,929, and Brent oil, a benchmark in Europe, falls 0.68% to US$77.94 a barrel.

West Texas Intermediate (WTI), a benchmark in the US, also fell 0.68% to US$ 73.36 a barrel. The euro remains stable and changes to US$ 1,095.