The European stock markets rise after a day of transition and without macroeconomic references

The main European stock markets have risen this Tuesday after a day of transition and waiting for tomorrow to know the manufacturing PMI for August of the United Kingdom, the United States (USA) and the eurozone and the meeting of the central banks that begins this Thursday in Jackson Hole (Wyoming, USA).

Frankfurt has gained 0.66%; Milan 0.64%; Paris 0.59%; Madrid 0.55%, London 0.18% and the Euro Stoxxx 50 index, which groups the main European listed companies, 0.84%, according to market data consulted by EFE.

The stock markets started the session positively and increased the rises along with the futures of the Dow Jones index, one of the main stock market indicators of Wall Street.

After noon, affected precisely by these futures, the markets began to reduce their gains and continued with this trend after the opening of the New York Stock Exchange with a mixed sign (the Dow Jones opened negative).

Despite the decline in profits, the parquets closed positively in a transition session and without relevant macroeconomic data for the markets.

Investors will pay more attention on Wednesday to manufacturing and services PMIs in the eurozone, the United States and the United Kingdom and Nvidia’s corporate results.

US Durable Goods Orders data for July will be released on Thursday and the German Business Confidence Gauge for August on Friday.

However, the most important event this week for analysts will be the economic symposium that central banks will hold starting Thursday in Jackson Hole, where on Friday morning the chairman of the Federal Reserve, Jerome Powell, will give a speech .

At the close of the European stock markets, Brent oil, the benchmark in Europe, fell 0.25%, to $84.25 per barrel, and the euro depreciated 0.42%, to $1.0850.

In the debt market, the ten-year German bond, considered the safest, closed with a yield of 2.64%, 5.8 basis points less than the day before.