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European stock markets open in a mixed tone with an eye on the US CPI on Thursday.

European stock markets have opened in a mixed tone, with slight increases or decreases, in a session in which macroeconomic references are scarce and interest is focused on the publication of the US inflation data tomorrow.

At the opening, while Milan rose 0.13%, Frankfurt, 0.10% and Paris, 0.02%, London lost 0.15% and Madrid, 0.02%.

For its part, the Euro Stoxx50, an index that includes the largest capitalization European companies, rose 0.09%.

The Nikkei, the main index of the Tokyo Stock Exchange, rose 2.01% today and closed at a renewed record in nearly 34 years, surpassing the psychological barrier of 34,000 points and encouraged by the weakness of the yen, for its part The Shanghai Stock Exchange benchmark index lost 0.54% today and the Shenzhen stock market lost 0.55%.

Wall Street closed this Tuesday in mixed territory and its main indicator, the Dow Jones Industrial Average, fell 0.42% after a day without clear factors and awaiting economic data in the coming days.

The most relevant data of the day will be the publication in France of the industrial production data for November.

During today’s session there will be no relevant macro references, waiting for the most important data that will arrive at the end of the week, with the American CPI on Thursday and the start of the presentation of results of the American investment banking on Friday

Yesterday, in the eurozone we learned about the unemployment rate for November, which stood at the level of June, falling one tenth to 6.4% from the previous 6.5%, while in Germany the industrial production of same month it continued to contract for the sixth month.

In the debt market, the interest rate on the ten-year German bond, considered the safest, drops and stands at 2.173%, while the Spanish bond also falls to 3.141%.

As for raw materials, gold rises 0.23% and the price per ounce is at $2,037, while oil remains stable and in the case of Brent, the reference in Europe, the price of barrel stands at 77.60 dollars.

For its part, West Texas Intermediate (WTI), the benchmark in the US, fell a slight 0.07% to $72.29.

The euro is also stable compared to the “greenback” and is trading at $1,093.

Source: Elcomercio

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