European stocks open lower in a week of central bank meetings

The european bags They have opened this week’s session, in which the central banks meet and in which new rate hikes will foreseeably be decided, with falls of around 0.20%, with the exception of Spain, which has fallen by more than 1% due to the uncertainty for the formation of the Government that the general elections held in this country have left.

At the opening, the stock market that lost the most was the Spanish one, 1.22%; followed by Milan, with 0.44%; Paris, with 0.28%; London, with 0.21%, and Frankfurt, with 0.20%.

For its part, the Euro Stoxx50, an index that includes the European companies with the largest capitalization, also left 0.41%.

The main index of tokyo stock exchangethe Nikkei, rose 1.23% this Monday, after last Friday’s drop and with investors’ eyes set on the Bank of Japan (BoJ) meeting scheduled for the end of this week.

Wall Street closed last Friday in mixed territory and the Dow Jones Industrials, its main indicator, advanced a very slight 0.01%, scoring its tenth consecutive day on the rise, something it had not achieved since August 2017.

Investors will be attentive this week to the meetings of the Federal Reserve (Fed) of the USA, next Wednesday, and that of the European Central Bank (ECB)in which both increases in interest rates are expected to be 25 basis points, while the Bank of Japan (BoJ) will meet on Friday, and analysts rule out short-term increases in this case.

In Spain, yesterday’s electoral hangover could shake the session on the IBEX, after some few conclusive results that make it difficult to form a government.

For now, it is likely that the Spanish stock market will lose 9,500 points today, approaching the support of 9,400 points due to the uncertainty that is coming in this country, according to IG analysts.

In the debt market, the interest on the German bond, considered the safest, stands at 2.371%, while the Spanish one stands at 3.414%.

Oil falls, in the case of Brent, the benchmark in Europe, by 0.56% to US$80.63 a barrel, while West Texas Intermediate (WTI) falls 0.58% to US$76.62 a barrel, before the official market opening. The euro falls 0.47% compared to the “green ticket” and changes to US$ 1.107.