European stock markets fall on the Fed’s forecast to continue with rate hikes

The main European stock markets have closed this Thursday with falls after knowing the minutes of the last meeting of the Federal Reserve (Fed) US, which reflect that its members predicted further rises in interest rates given the need to tackle inflation in that country.

Milan has lost 1.03%; Paris 0.94%; Madrid 0.78%; Frankfurt 0.71%, London 0.63% and the Euro Stoxx 50 index, which groups the main European listed companies, 1.32%, according to market data consulted by EFE.

The stock markets opened with falls after the publication yesterday of the Federal Reserve minutes, in which the possibility of further increases in interest rates was revealed in anticipation of inflation remaining high.

Except for some moments in which the markets of Madrid, Paris and Frankfurt traded with minimal gains, the parquets remained down throughout the session and closed with losses.

In Europe this Thursday no macroeconomic data of great relevance for the markets has been published, although in the US it has been known that the requests for unemployment benefits last week fell by 11,000, to 229,000 requests.

The Fed indicator for manufacturing activity in Philadelphia was also published in the US, which was in the area of ​​improvement, marking 12 points after indicating a worsening in the sector in July (negative 13.5 points).

At the close of the European stock markets, Brent oil, the benchmark in Europe, rose 1.25%, to $84.46 per barrel, and the euro depreciated 0.07%, to $1.0873.

In the debt market, the ten-year German bond, considered the safest, has closed with a yield of 2.705%, 6 basis points more than the day before, and the Spanish one at 3.751%, 6.2 basis points more than yesterday .