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The main European stock markets closed this Monday with moderate increases influenced by Wall Street after the publication of the eurozone trade balance for August, Italian inflation for September and the American Empire State manufacturing index for October.
Madrid gained 0.59%; Milan 0.55%; London 0.41%; Frankfurt 0.34%, Paris 0.27% and the Euro Stoxx 50 index, which groups together the main European listed companies, 0.33%, according to market data consulted by EFE.
The stock markets started the session higher and shortly after began to fall, although after the mid-session they rose again and traded higher for the rest of the day.
For its part, Wall Street also opened higher, a trend that also followed the closure of the European stock markets (the New York stock market gained more than 1%), which had a positive influence on the latter.
In Europe it was known that Italian inflation in September fell slightly in its interannual rate, to 5.3%, after the 5.4% recorded last month.
It was also published that the August eurozone trade balance, which measures the difference between exports and imports, increased and was positive for the third consecutive month.
For its part, in the United States it was learned that the Empire State manufacturing index for October, which measures the economic health of the industry in the state of New York, registered a worsening of the sector after last month indicating an improvement.
Now, investors await the country’s September industrial production and retail sales data, which will be released tomorrow, in order to take the pulse of the US manufacturing sector.
At the close of the European stock markets, Brent oil, the benchmark in the Old Continent, fell 0.67% to $90.28 per barrel, and the euro rose 0.35% to $1.0547.
For its part, the price of a troy ounce of gold depreciated 0.6% and stood at $1,921.31.
In the debt market, the ten-year German bond, considered the safest, closed with a yield of 2.78%, 4.7 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.
