The main European stock markets fall and accumulate several sessions of losses

The main European stock markets closed lower this Thursday after several negative sessions on a day marked by the rise in Bank of England interest rates and the publication of the decline in activity indices in the services sector for July Eurozone and in several European countries.

Milan has lost 0.94%; Frankfurt 0.79%; Paris 0.72%; London 0.43%; Madrid 0.23% and the Euro Stoxx 50 index, which groups the main European listed companies, 0.73%, according to market data consulted by EFE.

The stock markets opened in the red and except for Madrid, which entered profits at noon and quickly fell again, the parquets traded negative throughout the session.

With this, the English, Italian and French squares accumulate three days of falls, while the German adds its fourth session in a row in red and the Spanish its fifth.

Shortly after the start of the day, the data for July for composite activity in the euro area (average performance of the services and industrial sectors) was published, which contracted in July and registered minimums for the last eight months due to a greater recession in the manufacturing sector and a service sector close to stagnation compared to June.

Later, the Bank of England’s decision to raise interest rates from 5% to 5.25%, which is the highest level in 15 years, became known.

In the United States and with Wall Street after starting the session with losses, the business results of Amazon and Apple will be presented at the close of this market.

At the end of the session on the European stock markets, Brent oil, the benchmark in the Old Continent, rose 1.83%, to $84.72 per barrel, after Saudi Arabia’s decision to extend the cut for one month, while the euro appreciated 0.09%, up to 1.0947 dollars.

In the debt market, the ten-year German bond, considered the safest in Europe, has closed with a yield of 2.598%, 7.4 basis points more than the day before.