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European stock markets emulate all-time highs Wall Street and Tokyo

Several of the large European squares have recorded historical maximums this Thursday with increases of 1% when emulating the records recorded by Wall Street and Tokyo after maintaining interest rates in the United States, according to market data.

Thus, London achieved the largest increase since September 14, 2023, gaining 1.88% and ending at historical highs (7,882.55 points); The Euro Stoxx index also marked the highest price in its history (5,053.36 points) after rising 1.06% and Frankfurt at 18,179.25 points after advancing 0.91%.

Paris was on the verge of the maximum recorded last Tuesday after gaining 0.22%, while Madrid rose 1.07% and ended at June 2017 levels, while Milan ended the session at levels from the beginning May 2008 after advancing 0.1%.

The New York stock market had already marked historical highs on Wednesday with increases of around 1% after the Federal Reserve (US central bank) maintained interest rates between 5.25% and 5.5%.

In addition, he said that he hoped to be able to lower the price of money by three quarters of a point this year, which could happen three times, when at the end of last year there was speculation of a drop of at least a point and a half.

For its part, Tokyo rose 2.03% this morning to close at the maximum of 40,815.66 points after manufacturing and services activity in Japan increased in March, according to advance data. In China, Shanghai fell 0.08% and Hong Kong rose 1.93%, while Seoul rose 2.41% to reach levels from two years ago.

Interest rates in Switzerland were lowered by a quarter of a point, to 1.5%, and provisional activity data for March was also published in several European countries, with mixed results, as services improved in Germany and the euro zone. and it was getting worse in the United Kingdom and France. In this country, as well as in Germany and the euro zone, manufacturing performance fell, while it advanced in the United Kingdom.

In this country, rates remained at 5.25%.

Wall Street opened with gains after weekly jobless claims fell slightly, from 212,000 to 210,000, and manufacturing activity worsened, according to the Philadelphia Federal Reserve. In this way, the New York stock market rose 0.8% at the European close and remained at highs.

The euro, which after the rate decision in the United States had exceeded 1.09 dollars, was trading this afternoon at 1.086 dollars with a drop of 0.57%.

The interest rate on long-term German debt fell almost three basis points to 2.403%.

The barrel of Brent oil fell 0.52% and traded at $85.5.

The price of a troy ounce of gold, which had also set historical highs yesterday at $2,220, lost 0.36% this afternoon and was trading at $2,178.

Bitcoin lost 0.76% and was trading at $66,570.

Source: Elcomercio

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