European stock markets open higher in a week marked by US CPI.

The European stock markets have opened this Monday’s session slightly higher, in a week in which the key reference will be January inflation in the US, where moderation is expected in both the general and underlying rates.

At the opening, the stock market that rose the most was Milan, with 0.87%, followed by Madrid, with 0.44%, Paris, with 0.35% and Frankfurt, with 0.23%. while London is the only one that falls, 0.16%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also rose 0.44%.

The markets today do not have the reference of the Chinese stock market, closed for the new lunar year. In today’s session, the New York Fed’s 1-year inflation expectations for the month of January will be known in the US.

Throughout the week, advance cycle surveys for February will be released, including New York Manufacturing, the Philadelphia Fed Business Outlook, the New York Fed Service Sector Activity Index, and the University of Michigan consumer confidence preliminary.

In Europe, attention will focus on the February ZEW survey in Germany and the eurozone, while in the United Kingdom the January CPI will be known, which could rebound in all its readings.

Despite the good performance of the stock markets, with the Eurostoxx 50 at highs of the year and the S&P 500 at historical highs, Renta 4 analysts have highlighted that we must not forget that the risks continue to be high, and that the relative strength of the cycle may be diminished in a context of uncertainty.

Added to the geopolitical risks, the structural problems in the Chinese economy and the expectation of continuing to see a drop in inflation data, is now the growing financial instability in the United States.

In the debt market, the interest on the long-term German bond, considered the safest, falls to 2.352%, while the Spanish one also falls to 3.328%.

Gold rises slightly by 0.08% and the price per ounce is trading at $2,039. Oil is trading lower, in the case of Brent, the benchmark in Europe, the price per barrel fell 0.77% to $81.59, while West Texas Intermediate (WTI) fell 0. 77% to $76.25.

The euro appreciates 0.14% and is trading at $1.079.