European stock markets rebound after yesterday’s falls

The European stock markets closed this Thursday with rebounds after the falls of the day before on a day in which the minutes of the last meeting of the European Central Bank (ECB) in December were published.

Paris rose 1.13%; Milan, 0.84%; Frankfurt, 0.83%; London, 0.17% and Madrid, 0.13%, according to market data consulted by EFE.

For its part, the Eurostoxx, which groups together the companies with the highest capitalization in Europe, rose 1.13%.

The stock markets started the session practically flat, although the markets later took the bullish path and maintained the gains until the close after the losses of the day before.

In a session with little data on the economic situation in Europe that could determine the direction of the markets, the publication of the ECB minutes confirmed unanimity in the latest decision to maintain interest rates.

Minutes that indicated that the organization foresees a drop of 0.75 points in interest rates this year, which currently stand at 4.5%, and that inflation will return to the target of 2% in mid-2025.

Wall Street opened this Thursday in mixed territory and the Dow Jones Industrial Average, its main indicator, fell 0.27%, although at the close of the European stock markets it had stopped its losses and was trading with a slight gain of 0.02%.

Before the opening of the US stock market, weekly claims for unemployment benefits in this country were published, which fell by 16,000 to 187,000.

In the United States, the data on housing starts was also published, which broke with three months of growth, and construction permits were also known, which increased compared to the previous month.

In Asia, Tokyo lost 0.03% after Japanese industrial production fell in November, while Hong Kong gained 0.75%, Shanghai 0.43% and Seoul 0.17%.

The euro fell 0.13% at the close of the European stock markets until it was exchanged for 1.086 dollars.

In the raw materials market, a barrel of Brent oil rose 0.44% and was trading at $78.22 at the close of the stock markets and a troy ounce of gold rose 0.54% and was trading at 2,017.17. Dollars.

In the debt market, the ten-year German bond rose 3.3 basis points to 2.346%.