European stock markets open lower following the trend of Wall Street and Asian stock markets

The European stock markets have opened lower, with falls of around 0.50%, in line with yesterday’s close and following the trend of the Asian markets that have closed negative, just like Wall Street yesterday, while the price Crude oil and gold prices, as well as bond yields, seem to be beginning to relax.

At the opening, the stock market that lost the most was London, 0.61%, followed by Frankfurt and Milan, both with 0.50%, Madrid, with 0.42% and Paris, with 0.26 %.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also lost 0.52%.

The main index of the Tokyo Stock Exchange, the Nikkei, fell 1.91% in this Thursday’s session dragged by the acceleration of the rise in the yield of long-term state bonds, generating concern about public debt.

Wall Street closed this Wednesday in red and its main indicator, the Dow Jones Industrial Average, fell 0.98% on a day in which 10-year Treasury bonds once again reached highs not seen in 16 years.

On the macroeconomic agenda of the day, the publication this afternoon of the weekly unemployment figures in the US stands out, as well as the publication of business results.

In Spain, the figures from Bankinter stand out, becoming the first Ibex-35 company to release its figures, thus beginning the season for publishing quarterly results.

Bankinter obtained a net profit of 685 million euros between January and September, 59% more than in the same period in 2022, after increasing its income in all its business lines, thanks to the evolution of interest rates in the euro zone and the greater commercial impulse.

Returning to oil, today Brent, the benchmark crude oil in Europe, experienced a decline of 0.63% and a barrel stood at $90.92 per barrel, while West Texas Intermediate (WTI), a benchmark in the US .US, fell 0.41% to $86.91, before the official market opening.

In the debt market, the yield on the ten-year Spanish bond, the benchmark, stands at 4.081%, while the German bond, considered the safest, stands at 2.943%.

Gold relaxes by 0.43% and the price per ounce is trading at $1,959.

In the currency market, the euro rises a scant 0.09% and is trading at $1.054.