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European stock markets end with losses while Wall Street remains in the maximum zone

The European stock markets have recorded losses this Wednesday, affected by the decline of the banks and while Wall Street rose 0.4% and continued in the high zone, according to market data.

Thus, Madrid has lost 1.15%; London 0.68%; Frankfurt 0.65%; Milan 0.45%, Paris 0.36% and the Euro Stoxx 50 index 0.26%.

The large squares of the Old Continent began the session with doubts despite the moderate rise on Wall Street the day before, when the Dow Jones Industrial Average gained 0.37% and was still in the zone of all-time highs.

In Asia there were mixed results, with Tokyo losing 0.11% and Hong Kong 0.34%, while Shanghai advanced 1.44% and Seoul 1.3%.

Then he opted for falls due to the downward pressure of the banks, after the advisor of the European Central Bank (ECB) Isabel Schnabel commented on the need to be cautious and patient before lowering interest rates, because it could contribute to a rebound inflation.

In addition, concern continued about the situation of some regional entities in the United States after the New York Community Bank announced losses in its closing results for last year and accumulated a 60% drop in the stock market since last week.

While Wall Street continued to hover around record prices (the S&P 500 was close to 5,000 points), European markets ended with losses.

The 1.6% drop in German industrial production in December and the 0.2% decline in the same indicator in Spain had been known.

The price of the euro rose 0.11% at the close of trading to $1.0767.

The barrel of Brent oil was changing at $78.88 with an increase of 0.37%.

The interest rate on long-term German debt rose by just over two basis points at the close, to 2.313%.

The troy ounce of gold rose 0.17% and was trading at $2,039.

The Bitcoin cryptocurrency fell 0.3% and paid just over $43,000.

Source: Elcomercio

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