European shares open with small losses after the fall of Wall Street on Tuesday

The main European stock markets began trading this Wednesday with small losses despite the fall on Wall Street the day before and the Asian markets this morning, according to market data.

At 9:15 local time, Milan fell 0.83%; London 0.32%; the Euro Stoxx 50 index, 0.22%; Paris, 0.16%; Madrid, 0.15%, and Paris, 0.16%.

Wall Street had yielded more than 1% yesterday after manufacturing activity in part of the eastern United States fell sharply (it went from 1.1 points to -19) and a member of the Federal Reserve (central bank) said that inflation is very high, which could imply further rate hikes.

Today it has been known that New Zealand has maintained interest rates at 5.5% and that house prices in China had fallen 0.1% last month, an indicator that partly reflects the problems in the Chinese property market and that could lead to new economic stimuli.

In Asia, and following the downward trend of Wall Street, Tokyo fell 1.46%, while Hong Kong lost 1.45% and Shanghai, 0.82%.

This morning the decrease in inflation in the United Kingdom was known, which fell by 0.4% in July compared to the previous month, while the interannual rate fell from 7.9% to 6.8%.

Investors will be watching euro zone GDP and employment data, as well as the minutes of the latest US Federal Reserve meeting on monetary policy.

The bond market was recovering from yesterday’s sales and ten-year German debt reduced its yield by one hundredth, to 2.66%.

The value of the euro rose slightly, 0.13%, and stood at $1.092.

The price of a barrel of Brent oil fell 0.1%, to $84.75.

The troy ounce of gold rose 0.1% and traded at $1,903.5.