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Most European markets rise despite the decline in Wall Street

Most major European stock markets have posted moderate gains and some have ended at record highs this Tuesday, despite Wall Street’s 0.4% drop, according to market data.

Frankfurt once again set historical highs (17,556.5 points) with a rise of 0.76%, with the help of the technology and automotive sectors, while Milan advanced 0.46%, the Euro Stoxx 50 index 0, 44% (also recorded a new record around 4,886 points) and Paris 0.23%. Madrid fell, 0.24%, and London, 0.02%.

The European markets began the day without detaching themselves too much from the closing level of the day before.

Wall Street had fallen on Monday (the Dow Jones Industrial Average 0.16% and the Nasdaq Composite 0.13%, while the S&P 500 0.38%) after the president of the Atlanta Federal Reserve , Jeffrey Schmid, stressed that there is still no rush to lower interest rates due to high inflation.

In Japan, the drop in inflation was published (the general CPI fell in January from 2.6% to 2.2% and the underlying rate from 2.3% to 2%).

Following these data, the Tokyo stock market only rose 0.01%, while Shanghai gained 1.29% and Hong Kong 0.94%. Seoul lost 0.83%.

Consumer confidence in Germany (Gfk index) improved slightly, from -29.6 to -29 points in March (advance data) and the growth of the M3 money supply in the euro zone moderated, increasing by 0.1 % last month, one tenth of a percentage point less than the previous month.

Wall Street opened with small losses that would increase until the European close.

It had been known that durable goods orders had fallen 6.1% in January, more than investors expected, and after the decline of more than four points in US consumer confidence (Conference Board) in February, up to 106.7 points.

Despite these data and the collection of profits on the New York stock market, most of the markets on the Old Continent ended with moderate gains, some at historic highs.

The price of the euro barely changed compared to the previous day’s close and stood at 1.0854 dollars.

The interest rate on long-term German debt rose almost three basis points and closed at 2.462%.

The barrel of Brent oil was trading at $83.28 with a rise of 0.91%.

An ounce of Troy gold rose by 0.13% and was close to $2,034.

The price of Bitcoin rose 4.42% at the close of the European stock market, up to $57,072.

Source: Elcomercio

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