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European stocks rise after US consumer confidence and employment data.

The main European stock markets have closed this Tuesday with increases in a day in which, to the surprise of the experts, there have been falls in the US data on consumer confidence for the month of August and the JOLTS survey of job offers from July.

London has gained 1.72%; Milan 1.21%; Madrid 0.96%; Frankfurt 0.88%, Paris 0.67% and the Euro Stoxx 50 index, which groups the main European listed companies, 0.76%, according to market data consulted by EFE.

The stock markets opened higher after learning, an hour before, that the Gfk German consumer confidence index for September fell more than expected, to negative 25.5 points, compared to the expected negative 24.3 points.

Shortly before the opening of the NYSEthe futures of the Dow Jones index, one of the main stock indexes of Wall Street, increased the rises and boosted the gains of the European parquets.

The markets consolidated this trend after the opening of the New York market, which despite starting with an uneven sign, rose rapidly, where it was listed until the close of the Old Continent indices.

The markets have focused their attention on the United States, where the data on consumer confidence for August and the JOLTS survey of private job offers not covered in that country in July have been released, which, contrary to the expected increases by the experts, they have fallen.

This latest employment data serves as a prelude to the ADP US private employment survey for August, which will be published tomorrow, and to the official unemployment rate statistics for that country for this month, which will be released this Friday.

At the close of the European stock markets, Brent oil, a benchmark in the Old Continent, rose 0.41%, to $84.77 per barrel, and the euro appreciated 0.33%, to $1.0854.

In the debt market, the ten-year German bond, considered the safest, has closed with a yield of 2.506%, 5.3 basis points less than the day before.

Source: Elcomercio

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