European stock markets open flat in a week pending CPI

The European stock markets have opened the week practically flat, in a week in which they will be awaiting the preliminary CPIs for February in the eurozone, Germany, France, Germany and Spain.

At the opening, only the Spanish stock market registered a slight rise of 0.07%, while Paris lost 0.20%, Frankfurt, 0.15%, London, 0.06% and Milan, 0.02%. .

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also lost 0.21%.

In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, rose 0.35% this Monday and set a new historical record for the second consecutive session, driven by the also high on Wall Street and the weakness of the yen, while the The main indicator of the Seoul Stock Exchange, the Kospi, fell 0.77% after a plan presented by the Government to stimulate the value of undervalued assets in the South Korean stock market disappointed investors.

Last Friday, Wall Street closed in mixed territory and the Dow Jones Industrial Average, its main indicator, advanced 0.16%, the selective S&P 500 rose 0.04% and the Nasdaq index, where the main technology companies are listed, fell 0.28%.

This week, the markets will once again be aware of the risk of a new “shutdown” of the American administration that could begin on March 2 unless an agreement on spending is reached.

Additionally, one of the key items on this week’s agenda is the release of the US PCE price index, which will be released on Thursday.

This indicator, preferred by the Federal Reserve to measure inflation, could provide crucial information about the direction of monetary policy in the United States.

In addition, inflation figures for the eurozone are expected next Friday, while those for Germany, France and Spain will be known on Thursday.

In Spain, today it was learned that the industrial price index (IPRI) fell 3.8% in January, 2.5 points less than in December of the previous year, and has been in negative territory for eleven consecutive months, although in recent five this decline has been moderated by the lower cost of energy.

In the debt market, the interest on the ten-year German bond falls to 2.305%, while the Spanish one also falls to 3.234%.

Regarding raw materials, gold fell 0.24% and the price per ounce stood at $2,044.

For its part, oil, Brent, the benchmark in Europe, fell 0.68%, and the price per barrel stood at $80.25, while West Texas Intermediate (WTI), the benchmark in the US, fell 0.68%. In the US, it also drops 0.68% to $75.98.

The euro appreciates 0.08% and is exchanged at 1.082 dollars.

As for bitcoin, the best-known cryptocurrency on the market, it fell 0.82% and stood at $51,295.