European stock markets rise ahead of Thursday’s ECB meeting

The main European stock markets closed this Monday with gains, except Milan, in a day without relevant macroeconomic data for the markets, and awaiting the meeting of the European Central Bank (ECB) next Thursday.

The places that rose the most were Madrid, 1.11% and Frankfurt, 0.77%, followed by Paris, which gained 0.56% and London, 0.35%, while Milan recorded losses of 0. 33%.

The Eurostoxx 50, an index that concentrates the most capitalized companies in the euro zone, gained 0.71%, according to market data consulted by EFE.

All stock markets opened the session with gains driven by Wall Street’s increases last Friday.

The large European squares maintained their gains throughout the day, except for Milan, which reversed the trend hours after opening, in a session in which no current data relevant to the markets was known.

In Asia, the Tokyo stock market ended the session with gains of 1.62%, reaching a new high.

In Hong Kong, the Hang Seng lost 2.27% and the Shanghai stock market fell 2.68% after it was learned that the People’s Bank of China (PBPC) will maintain its interest rate at 3.45% for sixth consecutive month.

In the United States, Wall Street opened positively and, at the close of the European stock markets, the Dow Jones rose 0.40%; the S&P, 0.30%; and the Nasdaq, 0.48%.

A barrel of Brent, the benchmark oil in Europe, rose 1.67% at the close of the European stock markets and was priced at $79.87.

For its part, gold fell 0.28% to $2,023 per ounce.

The euro depreciated 0.07% and was trading at $1.0890, while bitcoin maintained its downward path and was around $40,500.

In the debt market, the yield on the German bond, considered the safest, fell 5.1 basis points and closed at 2.288%.