European stock markets close higher after industrial production in the eurozone

The European stock markets closed with increases, except for Frankfurt, which fell a slight 0.02%, after it was published in the euro zone that industrial production in the euro zone fell in January.

Frankfurt dropped that 0.02% and the rest of the European stock markets closed in green. Paris rose 0.63%; Milan, 0.39% and London, 0.31%.

The rise in Madrid stood out, which rose 1.65% after the 7.7% rise of the Inditex textile group, owner of brands such as Zara, which presented results for its 2023 fiscal year this Wednesday, which were the best in its history. for second consecutive Year.

For its part, the Euro Stoxx 50, which groups together the companies with the highest capitalization in the euro area, advanced 0.35%.

Among the data on the economic situation, this Wednesday the Statistical Office of the European Union, Eurostat, confirmed that industrial production in the eurozone fell in January by 3.2% compared to December and by 6.7% compared to the same month a year before.

In the EU as a whole, industrial production contracted by 2.1% compared to December and by 5.7% year-on-year.

The euro rose 0.16% at the close of the European stock markets until it was exchanged for 1.094 dollars.

Wall Street opened this Wednesday in mixed territory and the Dow Jones Industrial Average, its main indicator, rose 0.10%, while the Nasdaq index, where the main technology companies are listed, fell 0.3%.

In the raw materials market, a barrel of Brent oil, the benchmark in Europe, rose 2.1% to $83.64 at the close of European stock markets; while gold advanced 0.65% to $2,172 per ounce.

In the debt market, the ten-year German bond rose 3.7 basis points to a yield of 2.36%.