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European stock markets open with a mixed sign awaiting the Fed’s decision on rates

The European stock markets have opened this Wednesday’s session in the same line as they closed it yesterday, with a mixed sign, in a session in which they are awaiting the decision of the US Federal Reserve on rates. of interest and the subsequent press conference of its president, Jerome Powell.

At the opening, the stock market that rose the most was London, 0.30%, followed by Madrid, with 0.23%, Frankfurt, with 0.18% and Milan, with 0.03%, while that Paris lost 0.05% and the Euro Stoxx50, an index in which the largest capitalization European companies are listed, also lost 0.01%.

The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.66% as Japanese investors focused on the conclusions of the Fed meeting, which ends today.

Wall Street closed yesterday in red and its main indicator, the Dow Jones Industrial Average, fell 0.31% pending the Fed’s decision on interest rates.

The Dow Jones Industrial futures point to a rise of 0.058%, those of the S&P of 0.114% and those of the Nasdaq of 0.431%.

Everything seems to indicate that the Fed will pause rate increases this month and they will remain in the current range of 5.25% and 5.5%, their highest level since 2001. The decision will be known at 2:00 p.m.

In the debt market, the interest on the ten-year German bond falls to 2.734%, while the Spanish one also falls to 3.793%.

As for oil, Brent, the benchmark in Europe, lost 0.84% ​​and the price per barrel stood at $93.55, while West Texas Intermediate (WTI), the benchmark in the US, It also fell 0.90% to $89.76.

Gold depreciates 0.17% and an ounce is trading at $1,950.

The euro, for its part, remains below 1.07 dollars, specifically it changes to 1.068.

Source: Elcomercio

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