European stock markets close positively due to the moderation in oil prices

The main European stock markets closed the session positively, except for Milan, encouraged by the drop in the price of oil, the relative calm in the Middle East and the increases in most Asian stock markets.

London has gained 1.62%; Madrid, 1.5%; Frankfurt, 0.7% and Paris, 0.22%. On the contrary, Milan has dropped 0.58%.

The Euro Stoxx 50, the index that groups the largest European companies by capitalization, has advanced 0.35%.

European investors were today paying attention to the situation in the Middle East and the preliminary data on consumer confidence in the euro area.

The confidence of European consumers has improved, going from -14.9 points in March to -14.7 in April, but less than expected by analysts.

In Asia, the People’s Bank of China’s decision to maintain the reference interest rate has translated into increases in most markets.

Tokyo has gained 1%; Hong Kong, 1.77% and Seoul, 1.45%. However, Shanghai fell 0.67%.

On Wall Street, the main indices have opened higher. At the closing time of the European markets, the Dow Jones advanced 0.4%; the S&P 500, 0.3%; and the technological Nasdaq, 0.5%.

In the oil market, Brent, the reference crude oil in Europe, fell 0.2% at the closing time of the European stock markets and stood at 87.1 dollars per barrel, although it has fallen to 85. 8 dollars.

The price of gold, one of the safe haven assets, fell 2.4% due to the relative relaxation of tensions in the Middle East and was around $2,336 per ounce, far from the all-time high of $2,431.5 reached on April 12.

In debt markets, profitability declines. The yield on the ten-year German bond, considered the safest, falls to 2.484%.

In the currency market, the euro maintains positions against the US dollar and is exchanged at 1.0647 units.

Bitcoin, the most used cryptocurrency, rises 2.4% to $66,200 after completing the ‘halving’, an event that is repeated every four years and involves cutting the issuance of new currencies in half.