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The European stock markets have opened this Wednesday’s session higher, with increases of around 0.50%, on a day in which they will be pending the US March inflation data, in addition to the minutes of the last meeting of the US Federal Reserve (Fed) in which it was decided to keep interest rates unchanged.
In the early stages of the session, the stock that rose the most was Milan0.63%, followed by Frankfurtwith 0.61%, Londonwith 0.56%, Pariswith 0.50% and Madridwith 0.48%.
He Euro Stoxx50, index in which the largest capitalization companies in Europe are listed, also rose 0.67%
In Asia, the Tokyo Stock Exchange closed this Wednesday with a drop of 0.48% in its main indicator, the Nikkeilike the Shanghai Stock Exchange benchmark index, which lost 0.7% and the Shenzhen stock market, which lost 1.6%.
Wall Streetawaiting the US inflation data, from which the market consensus expects a slight rebound in the general rate and stability in the underlying, closed the session yesterday on mixed ground and its main indicator, the Dow Jones of Industrials, fell 0.02%, while the selective S&P 500 rose 0.14% and the Nasdaq advanced 0.32%.
The US CPI is relevant, after the solid employment that was published last Friday, to determine whether the Fed begins the rate cut at the June meeting or, on the contrary, delays the start of the cuts until later. .
This Wednesday, the Bank of Canada is expected to maintain its interest rates at 5% and we are waiting to see if it softens the tone of its speech to prepare a first rate cut also in June, in a context of moderation in inflation and employment, and with a growth rate that remains solid, as highlighted by Renta 4 analysts.
In the debt market, the interest on the German ten-year bond falls to 2.366%, while the Spanish long-term bond rises to 3.182%.
In the commodities market, gold advances 0.44% to $2,372 per ounce, while oil also rises. In the case of Brent, the reference in Europe, the price per barrel stands at $89.73.
For its part, West Texas Intermediate (WTI), the benchmark in the US, also climbed 0.35% to $85.53 per barrel, before the official market opening.
Bitcoin, the best-known cryptocurrency on the market, lost 1.79% and stood at $69,475.
The euro depreciates a slight 0.03% and changes to 1.0852 dollars.
Source: Elcomercio
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.
