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European stock markets open flat in a session in which Wall Street will not open

European stock markets open flat in a session in which Wall Street will not open

European stock markets open flat in a session in which Wall Street will not open

The European stock markets have opened this Thursday’s session, in which they will not have the reference of Wall Street, which will remain closed for the Thanksgiving holiday, practically flat, while they wait if the ECB minutes provide any data on the next movements in terms of interest rates.

Minutes after opening, the markets of the Old Continent are practically flat, and while Madrid lost a scant 0.09%, Milan rose 0.12%; London, 0.10%; Paris, 0.07% and Frankfurt, 0.02%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, fell 0.03%.

In Asia, while the Tokyo market has remained closed due to the celebration of Labor Thanksgiving Day in Japan, the Shanghai Stock Exchange benchmark index gained 0.60% today; the Shenzhen stock market, 0.78% and the Kospi, the Seoul Stock Exchange’s benchmark index, advanced 0.13%

Wall Street closed yesterday in green and its main indicator, the Dow Jones Industrial Average, rose 0.53% on the eve of the Thanksgiving holiday, which is celebrated today, while tomorrow this market will only open half a session due to the opening of Christmas shopping coinciding with Black Friday.

Today will be marked by the publication of the battery of preliminary PMIs for the month of November: in the eurozone, Germany, France and also in the United Kingdom.

Likewise, today the interest is focused on the minutes of the ECB corresponding to its meeting on October 26, in which it chose to keep interest rates unchanged after 10 consecutive increases, trusting that keeping rates at restrictive levels for a good season will be enough to return inflation to the 2% target.

In the debt market, the interest on the long-term German bond rises and stands at 2.570%, while the Spanish one also rises to 3.583%.

As for raw materials, gold rises 0.16% but is below $2,000, specifically an ounce is worth $1,996, while oil falls.

Brent, the benchmark crude oil in Europe, fell 0.89% to $81.23 per barrel, and West Texas Intermediate (WTI), the benchmark in the US, fell 0.78% to $76. .50 dollars a barrel, before the official opening of the market.

Yesterday oil prices fell around 4% after learning of the delay of the OPEC+ meeting from November 26 to November 30 and in the face of what appears to be a lack of consensus on possible new supply cuts, led by Saudi Arabia.

The market speculates with internal differences about possible additional cuts for the coming months.

The euro appreciates 0.34% and changes to 1.092 dollars.

Source: Elcomercio

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