European stock markets open almost flat awaiting the publication of the ECB minutes

The European stock markets open this Thursday’s session practically flat, with slight increases or decreases after yesterday’s decreases after learning that the European Central Bank (ECB) will foreseeably delay the first rate reduction until the summer, so investors are Pay attention today to the publication of the minutes of the last meeting of the entity in case it sheds light on this.

At the opening, while London fell 0.10% and Madrid, 0.01%, Paris rose 0.38%, Frankfurt, 0.14% and Milan, 0.10%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also advanced 0.32%.

The Tokyo Stock Exchange closed today with a slight drop of 0.03% in its main indicator, the Nikkei, weighed down by the strengthening of the yen against the US dollar and the taking of profits.

Wall Street, for its part, closed yesterday in red and its main indicator, the Dow Jones Industrial Average, fell 0.25% in another session marked by the rise in US bond yields.

Today’s macro session will be marked in the eurozone by the publication of new car registration data for the month of December, while in the US, the Philadelphia Fed manufacturing index for December and the data monthly of new homes for that same month.

Today the minutes of the ECB corresponding to its last meeting on December 14 will be published, in which interest rates were kept stable and it was confirmed that rate increases had reached their ceiling, although it was recognized that the start of the descents.

In this sense, yesterday the president of the ECB, Christine Lagarde, pointed out the possibility that the beginning of rate cuts will not be until the summer, which makes the market consensus moderate its expectations of a first cut of 25 basis points in April and therefore delayed more than expected.

In the debt market, the interest on the ten-year German bond, considered the safest, falls to 2.270%, while the Spanish long-term bond also falls to 3.228%.

Oil rises and in the case of Brent, the benchmark in Europe, a barrel stands at $78.27 after advancing 0.50%, while West Texas Intermediate (WTI), the benchmark in the US. , also advanced 0.79% to $73.05, before the official market opening.

Gold, for its part, climbed 0.31% to $2,012 per ounce.

The euro is flat and trading at $1,088.