European stock markets open flat in a week with an eye on inflation

The European stock markets opened practically flat this Monday, in a week of little activity due to the fact that the markets will not open on Friday due to the Good Friday holiday, and in which the inflation data stands out, since in the US You will know the private consumption deflator at the end of the week and the Spanish CPI on Wednesday.

Inflation data will be relevant to possible rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB) in June.

The Milan square is the one that rises the most, 0.23%, while Frankfurt advances 0.06%; London, 0.05%, and Paris, 0.03%.

Meanwhile, the Euro Stoxx50, an index in which the largest capitalization European companies are listed, gained 0.07%.

The main index of the Tokyo Stock Exchange, the Nikkei, fell 1.16% this Monday, with Japanese investors trying to take profits after days of historical records last week, like the Shanghai benchmark, which lost 0 .71%, while the Shenzhen stock market fell 1.49%.

Last Friday Wall Street closed in mixed territory and its main indicator, the Dow Jones Industrial Average, fell 0.77% after two consecutive days of records.

In Spain, at this time it has already been known that the industrial price index plummeted in February by 8.2% year-on-year, adding up to a negative year, a decline caused mainly by the fall in the price of production, transportation and distribution of electrical energy.

This week the Conference Board consumer confidence survey will also be released, as well as the eurozone.

In the debt market, the interest on the ten-year German bond, considered the safest, falls to 2.318%, while the Spanish one falls to 3.149%.

Regarding raw materials, gold rose 0.41% and the price per ounce stood at $2,168.

For its part, Brent oil, a reference in Europe, climbs 0.45% and the price per barrel is trading at $85.20, while West Texas Intermediate (WTI), a reference in the US, rises 0.46% to $81, before the official market opening.

Bitcoin is on the rise, with an advance of 2.69% and is at $67,000.

The euro rises 0.15% and trades at $1.082.