European stocks rise in a session without relevant economic data

The European stock markets, except London, closed this Wednesday with increases, in a day without major macroeconomic indicators waiting for central bankers to rule on the next monetary policy movements.

Paris rose 0.69%; Madrid, 0.52%; Frankfurt, 0.51%; Milan, 0.13%; while London fell 0.11%.

For its part, the Eurostoxx 50, which groups together the largest European companies, gained 0.6%, according to market data consulted by EFE.

The major European markets started the day with slight falls that recovered throughout the day, except for London, encouraged by the opening of Wall Street, where the Dow Jones opened with a rise of 0.12%, although the trend was later reversed and at the close of the European markets it fell 0.22%.

In Asia, this Wednesday the stock markets closed with falls; The Korean Kospi fell 0.91%, on its way to neutralizing Friday’s strong rebound after reinstating the ban on short sales; while the Japan stock market fell 0.33%; Hong Kong fell 0.58% and Shanghai 0.16%.

In Europe, the session did not have major macroeconomic references that could affect the direction of the markets.

Eurostat published the data on retail sales for the euro area, which fell 0.3% above the forecast, although below the previous data from September, when it fell 0.7%.

Germany’s “Wise Five” predicted that the country’s GDP will fall 0.4% this year and grow 0.7% in 2024.

In the United States, the Dow Jones opened positively after it was reported that around 80% of S&P 500 companies exceeded estimates for their business results this season, according to estimates from the London Stock Exchange Group (LSEG).

The price of a barrel of Brent oil for delivery in December fell 1.5% at the closing time of the European markets and stood at $80.1, the July level; while gold fell 0.65% to cost $1,956.6 per ounce.

The euro rose slightly, 0.06%, to $1.070.

For its part, the ten-year German bond, the one considered safest, fell 4.3 basis points to 2.613%.