European stock markets open lower in session pending PMIs at the end of February

The European stock markets have opened this Tuesday’s session lower pending the purchasing manager indices (PMI) for the end of February in the eurozone, Germany, France, Spain and Italy, in addition to the producer price index (PPI) of January and the GDP data for the fourth quarter.

In the first minutes of the session, the stock market that lost the most was London, with 0.36%, followed by Frankfurt, with 0.17%, Paris, with 0.13%, Madrid, with 0. 10% and Milan, with 0.07%.

The Euro Stoxx50, an index in which the largest capitalization European companies are listed, also lost 0.14%.

The main index of the Tokyo Stock Exchangethe Nikkei, fell 0.029% this Tuesday, after recording a record close the day before that led Japanese investors to secure profits today, as did the main index of the Seoul Stock Exchangethe Kospi, which fell 0.93%, while the Shanghai Stock Exchange benchmark index gained 0.28% today and the Shenzhen stock market fell 0.23%.

China reported this Tuesday that it had set “about 5%” the growth objective for its gross domestic product (GDP) in the current fiscal year, revealed the country’s prime minister, Li Qiangduring the opening of the annual session of the National People’s Assembly.

The New York Stock Exchange closed this Monday in red and the Dow Jones Industrial Average, its main indicator, fell 0.25%, although the losses were softened by the rise in some technological values.

In addition to the highlighted indicators, in the US, the monthly indicator of economic activity will be known, the ISM services for February, which according to Renta 4 analysts will remain in the expansion zone although with some moderation.

In the debt market, the interest on the ten-year German bond, considered the safest, falls to 2.359%, while the Spanish bond also falls to 3.226%.

As for oil, Brent, the reference in Europe, fell 0.46% to $82.42 per barrel, while West Texas Intermediate (WTI), the reference in the US, also fell by 0. 58% to $78.25, before the official market opening.

Gold remains stable and the price per ounce is trading at $2,127.

The euro depreciates a slight 0.02% and is exchanged at 1.085 dollars.

Bitcoin, the best-known cryptocurrency on the market, continues to appreciate by 3.72% and stands at $66,455.