European stock markets rise and Paris and Frankfurt reach new highs

The main European stock markets closed this Friday with gains, except for Madrid, and with historical highs in the case of Paris and Frankfurt, although the increases were more moderate than those registered on Thursday.

The stock markets that rose the most were Milan, 1.07% and Paris, 0.70%; followed by London and Frankfurt, which gained 0.28% each; while Madrid lost 0.08%.

The Eurostoxx 50, an index in which the largest capitalization companies in the euro area are listed, rose 0.35%

In the accumulated of the week, the places that gained the most were Milan, 3.05%; Paris, 2.56%; and Madrid, 2.47%; followed by Frankfurt, which advanced 1.76%; On the contrary, the main London index fell 0.07%. The Eurostoxx 50 rose 2.24% weekly.

This Friday the final data on Germany’s GDP was published, which in the fourth quarter of 2023 contracted by 0.3% quarter-on-quarter, weighed down by the fall in investments.

Also in Germany, business confidence improved slightly in February after two consecutive declines, with less pessimistic expectations for the coming months, according to the Ifo index.

In the US, Wall Street began the session with gains, a trend it could not maintain. Although at the close of the European stock markets the Dow Jones rose 0.34%; the S&P 500 and the Nasdaq lost 0.08% and 0.24% respectively.

In Asia, the Hang Seng in Hong Kong lost 0.1% and the CSI 300 (index in which companies from Shanghai and Shenzhen are listed) gained 0.09% after the 0.7% drop in price was known. of housing in China in January.

The Tokyo stock market remained closed for holidays in Japan (due to the Emperor’s birthday), while the Seoul Kospi gained 0.13%.

In the raw materials market, a barrel of Brent, the benchmark oil in Europe, fell 1.67% at the close of European markets and cost $82.27.

The Troy ounce of gold appreciated 0.48%, up to $2,034.

The euro advanced 0.01% and traded at $1.082.

Bitcoin, the main cryptocurrency, fell 1.61% to $50,818.

In the debt market, the German bond yield fell 7.8 basis points and stood at 2.360%.