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European stock markets fall slightly after opening

Most of the main European stock markets recorded small losses shortly after opening this Friday, and although Wall Street closed on Thursday with increases of around 1%.

Thus, only Madrid rose, 0.07%, and Milan, 0.02%, while the Euro Stoxx 50 index lost 0.31%; London 0.18%; Paris 0.1%, and Frankfurt 0.09%.

On the New York stock market the Dow Jones Industrial Average rose 0.87% yesterday; the S&P 500, 1.03%, and the Nasdaq Composite, 1.26%, after the downward revision of the US GDP for the third quarter, which reinforces the possibility of maintaining interest rates due to the weakening economy.

In Asia, Tokyo rose 0.09% today after inflation fell in Japan last month, and Hong Kong fell 1.69%, while Shanghai and Seoul recorded small losses.

In the United Kingdom, the 0.1% drop in GDP was published in the third quarter of the year and the 1.3% increase in retail sales in November, while in Germany import prices fell 0.1% that month and the Spanish GDP for the third quarter grew by 0.3%.

Investors will be watching on this day, in which debt yields and oil prices rise, inflation data associated with private consumption in the United States and orders for durable goods.

The euro exchange rate barely changed from the day before and was around 1.1 dollars.

The interest on the German debt rose by one and a half hundredths and stood at 1.976%.

A barrel of Brent oil rose 1.06% to $80.23.

The price of a troy ounce of gold gained 0.21% and slightly exceeded $2,050.

Source: Elcomercio

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