European stock markets open higher this Friday, April 12

The European stock markets opened this Friday with increases of more than 0.50%, thus making up for the losses recorded yesterday in a session marked by the monetary policy of the European Central Bank (ECB), which decided as planned to maintain interest rates and left suggest that the first cut will come at the June meeting.

At the opening, the stock market that rose the most was that of Frankfurt, 0.85%, followed by Milan, with 0.85%; London, with 0.66%; Madrid, with 0.63%, and Paris, with 0.57%.

The Euro Stoxx50, an index that includes the largest capitalization European companies, also advanced 0.93%.

In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, rose 0.21% this Friday, driven by gains in the technology sector and among the country’s large exporters, benefiting from the current trend of weakness of the yen and the broader selective Topix, 0.46%, while the Shanghai Stock Exchange benchmark index lost 0.49% and the Shenzhen stock market fell 0.78%.

Wall Street closed yesterday Thursday on mixed ground, highlighted by the 1.68% advance of the Nasdaq index, the S&P 500 gained 0.74% and the Dow Jones fell slightly and lost only 0.01%.

The ECB decided yesterday to maintain interest rates but monetary policy will continue to be restrictive pending inflation continuing to fall until it reaches the 2% target.

In any case, the president of the ECB, Christine Lagarde, reiterated that they will continue to depend on the data and will decide meeting by meeting the appropriate level and duration of the restriction, while stating that she does not commit “in advance to a path of specific types.”

The main focus of today’s session will be on the business level, as the publication of results for the first quarter of the year with investment banking begins, so the results of BlackRock, JP Morgan, Wells Fargo and Citigroup will be known. .

At this time it has already been known that the consumer price index (CPI) rose in March to 3.2% year-on-year, four tenths more than the previous month, due to the rise in electricity prices, while food inflation slowed. cut one point, to 4.3%, which is the lowest rate in more than two years.

Likewise, the gross domestic product (GDP) of the United Kingdom grew by 0.1% last February, compared to an increase of 0.3% in January, the National Statistics Office reported this Friday.

In the debt market, the interest rate on the German long-term bond falls to 2.4155%, and the Spanish bond also falls to 3.219%.

Gold rose 1.80% to $2,415 per ounce, marking a new all-time high.

As for oil, Brent, the benchmark in Europe, rose 0.89% to $90.50 per barrel, and West Texas Intermediate (WTI), the benchmark in the US, also rose 1. 01% to $85.87.

The euro depreciates 0.43% and is exchanged at 1.0678 dollars.

For its part, bitcoin, the most popular cryptocurrency on the market, practically stable, with a rise of 0.08%, stands at $70,773.