European stock markets open higher this Friday after confirming that Germany dodged recession

The large European stock markets have started trading this Friday upwards after eve fall of Wall Street, which has dragged down the Asian markets with Tokyo in the lead (-2.05%), and confirmation that the German economy has dodged recession.

Shortly after 7:30 GMT, Milan advances 0.4%, Madrid and Paris, 0.16%; London, 0.29%; Frankfurt, 0.06%; and the Euro Stoxx 50 index, which groups the largest listed companies, 0.12%.

The final data on Germany’s GDP confirmed this Friday that the country’s economy stagnated between last April and June after two consecutive quarters of decline (technical recession) in another example of the unexpected resistance to the rapid and bulky rises in prices. interest rates.

The latest business sentiment index for Germany will also be released today, which, according to Renta4 in a market analysis, could stabilize in its component of future expectations, but will fall in relation to the current situation.

But the biggest attraction of the day for investors will be the speeches of the president of the Federal Reserve (Fed), Jerome Powelland that of the President of the European Central Bank (ECB), christine lagardealthough the latter will begin with the European stock markets already closed.

Despite the expectation that the words of the heads of the largest central banks in the world always arouse, analysts do not expect any great news regarding their speeches in July, when they raised rates by 25 basis points.

Last month both left the door open to any possibility with their insistence on making monetary policy decisions based on what the indicators of the economic situation show.

Currently most investment managers believe that the US will freeze rates in September and give more chance of another 0.25% rise in the euro area, where core inflation is still high.

With the euro at $1.078, 0.28% less than yesterday’s close, Brent oil rises 0.6% and is trading at $83.92 a barrel.

The yield on the debt of the main members of the euro zone rises less than two basis points and the interest rate of the region’s reference bond, that of Germany, is at 2.523%.