European stock markets rise after the publication of the eurozone CPI and the US deflator.

The main European stock markets closed this Friday with increases after the fall of the consumer price index (CPI) of the eurozone in September and the rise, expected by the markets, of the PCE consumption deflator indicator for August in the United States.

Frankfurt gained 0.41%; Milan 0.28%; Paris 0.26%; London 0.08%, Madrid 0.01% and the Euro Stoxx 50 index, which groups together the main European listed companies, 0.31%, according to market data consulted by EFE.

In the monthly accumulated, Frankfurt lost 3.42%; Paris 3.23%, Milan 2.24% and Madrid 1.6%, while London rose 1.92%. The Euro Stoxx 50 index added a fall of 3.51% in the month.

The stock markets started rising after the year-on-year drop in German retail sales in August of 2.3% and the 0.2% growth in the United Kingdom’s gross domestic product (GDP) in the second quarter became known.

The rest of the day, the markets maintained the positive trend driven by Wall Street, which opened with gains.

This Friday, eurozone inflation data for September was published, whose general interannual rate fell nine tenths compared to August, to 4.3%, the lowest since October 2021.

For its part, its underlying rate (excludes prices of fresh food, energy, tobacco and alcohol), which serves as a reference for the European Central Bank (ECB) to make monetary policy decisions, decreased eight tenths compared to August, to 4 ,5 %.

In the United States, the markets learned that the PCE consumption deflator indicator for August, the country’s inflation index preferred by the Federal Reserve (Fed), rose in its interannual rate, up to 3.5%, as expected by The experts.

At the close of the European stock markets, Brent oil, the reference in the Old Continent, fell barely 0.01%, to 95.37 dollars per barrel, and the euro appreciated 0.11%, to 1.0577 dollars .

In the debt market, the ten-year German bond, considered the safest, closed with a yield of 2.837%, 9 basis points less than the day before.