European stock markets begin the week with doubts awaiting economic data

The main European stock markets have opened this Monday’s session with doubts and mixed results while waiting for relevant economic data such as US inflation to be published this week.

At 9:20 a.m. London falls 0.20%; Paris, 0.10%; and Milan, 0.04%. For its part, Frankfurt scores 0.15%; and Madrid, 0.04%.

The Euro Stoxx 50, which groups the largest European companies, fell a slight 0.01%.

Previously, in Asia, the Shanghai Stock Exchange lost 1.42% and the Shenzhen Stock Exchange lost 1.85%, while Tokyo did not operate due to a holiday.

The futures on the main Wall Street indicators also anticipate a downward session.

The European markets started this Monday with doubts, waiting for relevant economic data to be released this week, such as the US CPI, which will be published on Thursday.

Likewise, on a business level, the earnings season will begin in the US, since next Friday JP Morgan, Bank of America, Wells Fargo, BlackRock and Citigroup will offer their accounts to the market.

Meanwhile, in the raw materials market, Brent, Europe’s benchmark oil, fell 0.85% to $78.07, after learning that Saudi Arabia has lowered its prices for February as a result of a demand weaker than anticipated, according to analysts at Link Securities.

Gold also fell, 0.82%, to $2,028.75, while debt yields climbed again, since the interest rate on the ten-year German bond, the benchmark in the Old Continent, rose to 2.183%.