Most European stock markets fall more than 1% at opening

Most European stock markets fell more than 1% at the opening, affected by the fall on Wall Street the day before due to lower expectations of interest rate cuts and lower-than-expected Chinese activity data.

According to market data, London lost 1.35%; Paris 1.24%; Madrid 1.02%; the Euro Stoxx 50 index 1%, Frankfurt 0.95% and Milan 0.87%.

The New York stock market had fallen on Tuesday after a member of the Federal Reserve – the US central bank – questioned the possibility that interest rates could fall six times this year in the United States. The Dow Jones Industrial Average fell 0.62%, the S&P 500 fell 0.37% and the Nasdaq Composite fell 0.19%.

In Asia there were also losses and the main markets fell more than 2%, except Tokyo, which fell 0.4% due to profit-taking. Hong Kong lost 3.7% due to the 9.6% drop in real estate investment in China in December, while Shanghai lost 2.1% and Seoul lost 2.5%.

In China it was known that GDP grew 1% in the fourth quarter of last year, 5.2% for the year as a whole, one tenth less in both cases than expected by investors, while industrial production increased by 6.8% and retail sales 7.4% last month.

On this day, investors will know the final inflation data for the euro zone and the United Kingdom for December, as well as industrial production and US retail sales for last month and the monthly economic situation report from the Federal Reserve (“Beige book”). ).

As for other assets, a barrel of Brent oil fell 1.12% and was trading at $77.4.

The price of the euro, after falling 0.7% on Tuesday, barely changed from the previous day’s close and stood at $1.0876.

The interest on long-term German debt fell two and a half hundredths and stood at 2.28%.

An ounce of troy gold was trading at $2,025, down 0.15%.

Bitcoin was trading at $42,690, 1.7% less than yesterday.