The European stock markets open with falls due to the forecast that the high rates will remain

The European stock markets have started the session with falls dragged by the negative closing of Wall Street given the forecast that the scenario of high rates will continue after the publication of new economic data in the US and the minutes of the Federal Reserve.

At 9:25 in the morning, Milan fell 0.68%; Frankfurt, 0.5%; Paris 0.48%, and London 0.42%; while the Euro Stoxx 50, which includes the main values ​​in Europe, falls 0.76%, according to market data consulted by EFE.

The European stock markets fell dragged by Wall Street, which closed in negative (the Dow Jones fell 0.52%) the day before after knowing that both industrial production and productive capacity improved more than expected in July.

These indicators are a sign that the US economy has not just slowed down, so the markets anticipate that interest rates will continue to be high.

Some indicators that were known shortly before the publication of the minutes of the Federal Reserve (Fed) where, on the one hand, the members of the Federal Open Market Committee forecast new rate hikes in anticipation that inflation will remain high, but, in addition, the experts removed a possible recession from the central scenario.

In this sense, the markets anticipate that interest rates will remain high given that the central banks have reiterated in their last meetings that their next economic policy decisions will be linked to the indicators that become known.

This Thursday’s session does not have major macroeconomic appointments in the euro zone, while in the United States some indicators such as weekly jobless claims and the Philadelphia Fed activity indicator will be released.

In Asia, the tokyo stock exchange it closed with a fall of 0.4%; while Shanghai rose 0.43% and Hong Kong, still open, fell 0.03%.

In the raw materials market, Brent oil, the benchmark in Europe, rises 0.3% to cost $83.7 a barrel, while the euro picks up a slight 0.05% and is exchanged for $1.088.

In the debt market, the German ten-year bond rose 4.3 basis points to register a yield of 2.68%.