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The European stock markets have opened this Tuesday’s session with slight increases pending in the CPI for the month of October in the US, which will be known this afternoon, and in the data from the ZEW survey of economic sentiment in Europe.
This Tuesday it was already known that in Spain inflation remained stable in October at 3.5%, the same rate as in September, due to lower fuel prices, while the price of food moderated to 9.5%. %, one point lower than the previous month.
At the opening, the stock market that advanced the most was Milan, with 0.37%, followed by Madrid, with 0.29%; Paris, with 0.12%; Frankfurt, with 0.06%, and London, with 0.02%.
The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also rose 0.02%.
The main index of the Tokyo Stock Exchange, the Nikkei, closed with a gain of 0.34% this Tuesday, thanks to the weakness of the yen, which favors domestic exporters, and positive quarterly earnings reports from large companies.
The Shanghai Stock Exchange gained 0.31% and the Shenzen Stock Exchange, 0.17%, while the Kospi, the Seoul Stock Exchange’s benchmark index, advanced 1.23%.
Wall Street closed yesterday in mixed territory and its main indicator, the Dow Jones Industrial Average, rose 0.16%, the selective S&P 500 fell 0.08%, while the Nasdaq index fell 0.22%.
According to all analysts, today’s October inflation data in the US is an important reference for investors and for the Federal Reserve (Fed) itself ahead of its last meeting of the year.
Likewise, a vote on the US debt ceiling is expected today. House Speaker Mike Johnson presented a plan last weekend to extend the limit again from the current Nov. 17 to January or February of next year.
In the debt market, the interest rate on the German bond, considered the safest, drops to 2.702%, while the Spanish bond drops to 3.747%.
As for oil, Brent, the benchmark in Europe, rose 0.19% and the price per barrel stood at $82.68, while West Texas Intermediate (WTI), the benchmark in the US, advances to $78.42.
The price of gold falls 0.06% and the price per ounce is at $1,948.
The euro, for its part, appreciates a slight 0.04% and is trading at $1.070.
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.
