European stock markets close negative after the publication of US inflation.

The main European stock markets closed this Thursday with widespread losses, after meeting that the United States (US) Consumer Price Index (CPI) was higher in December than the market expected, which could indicate that interest rates will remain high longer than investors expected.

The stock that lost the most was London, 0.98%; followed by Frankfurt, 0.86%; while Milan fell 0.66%; Madrid, 0.62% and Paris, 0.52%.

The Eurostoxx 50, an index that groups together the companies with the highest stock market value listed in the euro zone, fell 0.60%, according to market data consulted by EFE.

Despite the fact that all markets opened the session on the rise, after knowing the inflation data in the United States, the stock markets began to reduce their profits until ending in negative as the markets anticipated that interest rates could remain high for longer than that they anticipated a few weeks ago.

In the US, at the close of the European stock markets, the main Wall Street indicators fell; The Dow Jones fell 0.61%, the S&P 500, 0.84% ​​and the Nasdaq, 0.97%.

This Thursday it was announced that the US CPI rose three tenths in December, up to 3.4% year-on-year; a figure worse than expected by the markets (the forecast was 3.2%).

The core, for its part, was one tenth higher than expected, although it fell to 3.9% year-on-year (compared to 4% the previous month).

eToro investment analyst Callie Cox points out that this data could “force the markets to continue backtracking on the rate cut operation” and adds that “the trend is going in the right direction and there are many reasons to remain optimistic about a soft landing.”

Asian stock markets, for their part, closed with widespread gains. The Nikkei in Tokyo rose 1.77%, while the Hang Seng rose 1.27% and the Shenzhen rose 1.62%.

Regarding the raw materials market, gold fell 0.35% at the end of the session in Europe to cost $2,017.24 per ounce, while a barrel of Brent rose 2.90% to 79.04 Dollars.

The euro depreciated against the “greenback” and was exchanged at 1.0946 dollars.

For its part, Bitcoin, the main cryptocurrency, fell 0.24% to $45,834, after reaching $49,000 during the day, after learning that the SEC authorized the creation of exchange-traded funds (ETF). linked to the spot price of this cryptocurrency.

In the debt market, the yield on the German bond, considered the safest, fell 0.8 basis points and stood at 2.232%.