European stock markets record small falls as Wall Street rises

Most of the main European markets recorded minimal losses this Monday despite the moderation of inflation in Europe and while Wall Street recorded moderate gains, according to market data.

Thus, Paris has dropped 0.2%; the Euro Stoxx 50 index 0.07%, London 0.06%, Frankfurt 0.02% and Madrid 0.01%. Milan repeated quote.

The fall of this day was forged in the final stretch of the session despite the advance of 0.3% this afternoon in the New York stock market, which last Friday had fallen around 0.5%.

Gains were recorded in Asia, after the 7% increase in Chinese industrial production in February barely stimulated European markets. The unemployment rate in China also rose two tenths last month, to 5.3%.

Tokyo had risen 2.67% due to the weakness of the yen on the eve of the Bank of Japan’s decision to abandon tomorrow the negative interest rate policy followed in the last eight years (now at -0.1%), while Shanghai gained 0.99%, Hong Kong 0.1% and Seoul 0.71%.

The session has passed without major movements, also conditioned by the fact that the Federal Reserve (US central bank) meets its Open Market Committee, which next Wednesday could maintain interest rates between 5.25% and 5.5% .

On this day, the moderation of inflation in the euro zone was known, which fell two tenths in February, both the general rate (from 2.8% to 2.6%) and the underlying rate (from 3.3% to 3.1%). which could stimulate the relaxation of monetary policy by the European Central Bank (ECB).

This information had favored the advance of the squares of the Old Continent before noon.

The final result occurred while the barrel of Brent oil was trading this afternoon at $86.58 with a rise of 1.45%, and the euro exchange rate fell 0.17% and stood at $1.087.

The interest rate on long-term German debt rose almost two basis points and stood at 2.457%.

The troy ounce of gold gained 0.1%, up to $2,058.

Bitcoin fell 0.77% and its price fell to $67,747.