European stock markets fall despite the rise of Wall Street

The main European stock markets closed this Friday with losses, except for London, as expectations of an upcoming interest rate drop in the United States (US) and Europe receded.

In a day with few macroeconomic references, European markets have not taken advantage of the momentum of Wall Street, which has opened higher and at the close of Europe was advancing around 0.4%.

The place that fell the most was Paris, 0.40%; followed by Milan and Madrid, which lost 0.22% each, and Frankfurt, 0.07%, while London rose a meager 0.04%.

The Eurostoxx 50, an index that concentrates the highest-listed companies in the euro zone, lost 0.09%, according to market data consulted by EFE.

In the cumulative figure for the week, Madrid fell 2.34%, London, 2.14%; Paris, 1.25%; Frankfurt, 0.89%; and Milan, 0.61%.

In Europe, investors were today watching Germany’s producer price index (PPI), which fell more than expected.

The Asian stock markets, for their part, closed with a mixed sign: while the Tokyo Nikkei gained 1.40%, Hong Kong fell 0.54% and Shanghai 0.47%.

In the United States, Wall Street opened the session positive, a trend that continued at the close of the European stock markets, when the Dow Jones rose 0.41%, the S&P 500 gained 0.49% and the Nasdaq gained 0.64%. .

In the US, the most relevant macroeconomic data of the day were consumer confidence from the University of Michigan, which rose more than expected, and US inflation expectations, which fell to 2.9% (vs. to the previous 3.1%, which was also the expected figure).

The barrel of Brent, the reference in Europe, rose 0.06% and was paid at 79.15 dollars, and gold rose 0.09% at the close of the stock exchanges, up to 2,025 dollars per ounce.

The euro appreciated 0.09% and was trading at $1.0886, while bitcoin maintained its bearish path and was around $40,370.

In the debt market, the yield on the German bond, considered the safest, fell 0.7 basis points and closed at 2.339%.