The main European stock markets have closed this Wednesday with mixed signs after a day marked by the inflation data in Germany for August, the GDP for the second quarter of the US and the employment situation from surveys by private consultants.
London has gained 0.12% and Milan 0.09%, while Madrid has lost 0.31%; Frankfurt 0.24%; Paris 0.12%, and the Euro Stoxx 50 index, which groups the main listed companies, 0.26%, according to market data consulted by EFE.
After three days of general rises, the stock markets started the session with different trends after the early publication of inflation in Germany this month, which fell one tenth, to 6.1%.
The preliminary year-on-year inflation rate for August in Spain was also published this Wednesday, which rose for the second consecutive month, to 2.6%.
Shortly before the half session, the markets, with the exception of London, were negative, affected by the futures of the Dow Jones index, one of the main indicators of Wall Streetwhich has marked the course of the European stock markets for the rest of the session.
Tomorrow the CPI data for France, Portugal and Italy and for the euro area as a whole will be released, and on Friday, the official figures for unemployment in the US.
This afternoon the August survey of US private employment by the ADP consultancy was published, which has shown a reduction in the creation of new jobs greater than expected by analysts.
In addition, the growth of the country’s GDP in the second quarter has decreased by one tenth compared to the data advanced last July.
Both indicators suggest a slowdown in the US economy and labor market and provide arguments in favor of a halt in interest rate hikes by the Federal Reserve (Fed).
At the close of the European stock markets, Brent oil, a reference in the Old Continent, fell 0.42%, to $85.13 per barrel, and the euro appreciated 0.47%, to $1.0931.
In the debt market, the ten-year German bond, considered the safest, closed with a yield of 2.54%, 3.4 basis points more than the day before.
Source: Elcomercio
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.