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European markets fall by around 0.3% after opening

European stock markets fell shortly after opening around 0.3%, affected by the decline in Wall Street the day before, according to market data.

At 9:15 a.m. local time, Paris was down 0.35%; the Euro Stoxx 50 index 0.3%; Madrid 0.29%; Frankfurt 0.28%; Milan 0.23%, and London 0.22%.

The fall came after Wall Street chose to take profits after reaching all-time highs and liquidated part of the recent gains.

Thus, the Dow Jones Industrial Average lost 1.27% (largest decrease since the beginning of October), the S&P 500 lost 1.47% (main decrease since the end of September) and the Nasdaq Composite lost 1.5% ( biggest drop in almost two months).

Part of the large Asian cities followed this trend, since Tokyo lost 1.59% and Seoul fell 0.55%, while Shanghai advanced 0.57% and Hong Kong 0.04%.

US economic statistics will be released this afternoon, including weekly jobless claims, a review of third-quarter GDP and manufacturing activity data (Philadelphia Fed).

The euro rose 0.1% and was trading at $1.095.

The interest on long-term German debt fell by nearly one hundredth and settled at 1.962%.

The price of a barrel of Brent oil rose 0.15% and stood at $79.8.

US index futures rose about 0.5%.

The price of bitcoin rose 1% and amounted to $43,880.

Source: Elcomercio

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