European stock markets rise after the contraction of activity in the eurozone eases

The main European stock markets closed this Thursday with increases after the publication of the PMI activity indices for the eurozone in November, which were better than expected, and the minutes of the last meeting of the European Central Bank (ECB).

Milan gained 0.28%; Paris 0.24%; Frankfurt 0.23%; London 0.19%, Madrid 0.18% and the Euro Stoxx 50 index, which groups together the main European listed companies, 0.21%, according to market data consulted by EFE.

The stock markets started the session practically flat, with the Madrid market down and the rest up, but, while the Paris and Frankfurt markets rose throughout the day, the others did not show gains until after noon.

The markets heeded the preliminary publication of the composite PMI index of total activity in the eurozone prepared by S&P Global, which improved in November to 47.1 points, compared to 46.5 points in October and recorded its maximum level of the last two months.

However, the indicator continues to be in a contraction zone since it did not exceed 50 points, which would allow it to be in a growth situation.

The minutes of the last meeting of the Governing Council of the ECB were also released today, in which it was observed that, despite the unanimity of leaving interest rates unchanged, some members are in favor of leaving the door open to further increases. .

On the other hand, in the United States the bond and equity market remains closed this Thursday due to the celebration of Thanksgiving Day and will only open for half a session tomorrow.

At the close of the European markets, Brent oil, the benchmark in Europe, fell 1.17%, to 81 dollars per barrel, and the euro depreciated 0.16%, to 1.0906 dollars.

For its part, the price of a troy ounce of gold increased by 0.07% and stood at $1,991.46.

In the debt market, the ten-year German bond, considered the safest in Europe, closed with a yield of 2.615%, 5.8 basis points more than the day before.