European stocks open with moderate gains pending macroeconomic data

The main European stock markets have opened this Tuesday with gains, although more moderate than those registered the day before (exceeded 1%), waiting to know various macroeconomic data, such as the German Gfk consumer confidence or the JOLTS survey of offers of American employment.

After the opening of the session, London, which closed yesterday for a holiday, stands out by rising 1.33%; followed by Madrid, 0.44%; Milan, 0.39%; Paris, 0.26%; and Frankfurt, 0.25%.

The Euro Stoxx 50 index, which brings together the main European listed companies, advanced 0.22%.

The European stock markets maintain the upward trend registered yesterday, encouraged by the green closing of Wall Street on Monday, and this morning, of the Asian markets.

Bankinter analysts explain that today’s session will depend on the data that is known about US employment, since the JOLTS survey of US job offers will be published, to be followed tomorrow by the ADP on private employment and, on Friday, the report employment officer.

Some data, say Renta4 experts, “especially relevant” given the dependence on the evolution of interest rates.

While waiting to know these data, the European market is trading positive, while the euro is trading at US$ 1.082, and the price of Brent crude, the reference in the Old Continent, rises 0.14%, to the $84.54.

In the debt market, the yield of the German bond, the benchmark in Europe, stands at 2.539%.

The price of gold adds 0.21%, up to US$ 1,924.27.