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European stock markets open higher awaiting the US CPI.

The European stock markets opened this Tuesday’s session slightly higher, with the exception of Madrid, which started negative, in a session in which they will be pending the inflation data for the month of November from the US and the index. Zew of December investment confidence in the eurozone and Germany.

At the opening, the stock market that rose the most was that of London, 0.34%, followed by Milan, with 0.25%; Frankfurt, with 0.19% and Paris, with 0.10%, while Madrid was the only one that fell, as at yesterday’s close, in this case 0.13%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also advanced a slight 0.11%.

Today, the main index of the Tokyo Stock Exchange, the Nikkei, rose 0.16%, following Wall Street’s gains the day before, although the increases were limited by the political situation in Japan, and the benchmark index of The Shanghai Stock Exchange also gained 0.4%, while the Shenzhen stock market lost 0.08%.

Wall Street closed yesterday green and its main indicator, the Dow Jones Industrial Average, rose 0.45%, while investors await the Federal Reserve meeting this week, where the bank will decide the direction of interest rates.

Today’s big star will be the November CPI in the US, which will be published at 2:30 p.m.

According to Renta4 analysts, core inflation levels are expected to maintain the year-on-year rate at 4%, although with a slight monthly acceleration of 0.3% from the previous 0.2%, and a general rate with slight year-on-year moderation. , 3.1% compared to the previous 3.2%, but stable in monthly rate.

This data follows a moderation yesterday in the New York Fed’s one-year inflation expectations, while 3-year expectations remained unchanged.

For its part, the inflation expectations of consumer confidence from the University of Michigan also fell last Friday.

In the debt market, the interest rate on the ten-year German bond, considered the safest, falls and stands at 2.204%, and the Spanish bond also drops to 3.220%.

Regarding raw materials, gold rose 0.39% and the price per ounce stood at $2,001.

Brent oil, the benchmark in Europe, rose 0.43% and was trading at $76.36 a barrel, and West Texas Intermediate (WTI), the benchmark in the US, also climbed 0.43% to 71.63 dollars a barrel, before the official opening of the market.

The euro appreciates 0.12% and is exchanged at 1.077 dollars.

For its part, bitcoin, the best-known and traded cryptocurrency, which fell sharply yesterday, more than 3%, lost 0.60% today and is trading at around $41,878.

Source: Elcomercio

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