European stock markets close positively with investors awaiting inflation in the US

The main European stock markets closed positively this Wednesday, after the member of the European Central Bank (ECB) Piero Cipollone stated that the moment is approaching when the organization will have the confidence to lower interest rates and with investors pending the data inflation in the US

The stock that rose the most was Madrid, 1.09%, followed by Frankfurt, 0.5%; Paris, 0.25% and Milan, 0.21%. London remained practically flat, with an increase of 0.01%.

The Eurostoxx 50, an index in which the largest capitalization companies in the euro area are listed, rose 0.35%.

This Wednesday, the member of the executive committee of the European Central Bank (ECB) Piero Cipollone stated that the improvement in inflation prospects, its moderation and the strong transmission of monetary policy have allowed the ECB to get closer to the moment in which they will have confidence enough to lower interest rates.

In Asia, the Nikkei in Tokyo rose 0.9%; while the Hang Seng of Hong Kong fell 1.36%; and the CSI 300 – which includes the most capitalized companies in Shanghai and Shenzhen – 1.16%.

In the United States, Wall Street began the session with gains, a trend it maintained at the close of the European stock markets, when the Dow Jones rose 0.58%; the S&P 500, 0.21% and the Nasdaq, 0.11%.

Investors are still awaiting US inflation data due out between Thursday and Friday.

During the day it was learned that in the week ending March 22, crude oil inventories increased by 3.2 million barrels in the US, a figure below what the markets expected.

In this context, Brent, the benchmark oil in Europe, lost 0.3% at the close of the European stock markets and was around $86.

The euro devalued 0.09% until it was exchanged at 1.082 dollars.

An ounce of Troy gold appreciated 0.61% and cost $2,192.

Bitcoin, the main cryptocurrency, lost around 1% and was trading at $69,160.

In the debt market, the German bond, considered the safest, fell 5.8 basis points and stood at 2.29%.