European stock markets open with moderate losses awaiting eurozone GDP

The main European stock markets have opened this Thursday with new falls, although moderate, given the weakness of the macroeconomic data, in a day in which the GDP of the euro area and industrial production in Germany will be known.

At 10 a.m., Milan and London fell 0.33%; Frankfurt, 0.23%; Paris, 0.11%; and Madrid 0.02%.

The Euro Stoxx50, an index that includes the European companies with the largest capitalization, fell more sharply, 1.36%.

The experts explain that the market continues to be affected by the weakness shown by the macroeconomic data, to which is added the fear of a worsening of inflation due to the rise in the price of crude oil.

Just today, Brent, Europe’s benchmark crude, falls 0.36%, to $90.26 a barrel.

The Brent chained until this Thursday, seven consecutive days of promotions.

In this context in which experts fear further increases in interest rates, and awaiting the meetings to be held by the US Federal Reserve (Fed) and the European Central Bank (ECB) next week, the Debt interest rates continue to rise.

The ten-year German bond, the benchmark in the Old Continent, reaches 2.631%.

In addition to the GDP data for the euro zone, and German industrial production, the market will be awaiting the weekly data on initial jobless claims in the US today.