European stock markets opt for red in a session of little stimulus for investors

The European stock markets have shed the green of the last session, which was marked by the good reception of the US inflation data, and have changed sign at the opening of this Friday, a day that analysts foresee in a “zig- zag” due to the lack of incentives for investors.

With the euro on the lookout for $1.10, Milan fell 0.64% minutes after negotiations began; the Euro Stoxx 50 index, which brings together the largest listed companies in Europe, 0.51%; Paris and London, 0.49%; Frankfurt, 0.29%, and Madrid, 0.23%.

The indicators, which this Thursday, driven by Wall Streetclosed positive after learning the latest US inflation and employment data, lost ground on a day without major macroeconomic references.

In Spain, the National Institute of Statistics (INE) has confirmed that inflation has rebounded in the country to 2.3%, four tenths more than in June, due to the increase in fuel prices, leaving behind two consecutive months of moderation .

Investors have also been keeping an eye on France, where the unemployment rate rose to 7.2% in the second quarter, and to the GDP of the United Kingdom, which between April and June grew by 0.2%.

The Old Continent wakes up after the close on Wall Street, whose main indicator, the Dow Jones Industrials, rose 0.15% in a session marked by the US CPI for July, which stood at 3.2% in its general rate and fell to 4.7% in the core, better than expected, which creates expectations that the Federal Reserve (Fed) soften your campaign to raise rates.

For Bankinter analysts, this good record, together with the inflation data for August that will be published next month and the employment figures, will be decisive in the decision that the Fed may adopt on September 20, and “could define ” set the tone for the upcoming central bankers conference in Jackson Hole, which will take place August 24-26.

Of course, Renta 4 Banco believes that the data “does not change” the expectation of the end of the rise in interest rates.

With tokyo With no activity due to the national Mountain Day holiday, Asian stock markets have favored losses: Shanghai has fallen 2.01%, while Hong Kong, which continues to operate, is shedding 0.7%.

In its daily report, Bankinter foresees a “zig-zag” session due to a lack of stimuli, with “one-off or limited scope” market corrections because money is coming in, that is, there is investor appetite, given the upcoming bullish cycle.

In the commodity market, Brent oil rises to $86.57, after the fall experienced the day before, when it fell 1.29% due to renewed expectations of a rebound in demand in the last months of the year .

While in the debt, the interest of the German bond, considered the safest, is at 2.571%.