European stock markets close with slight losses after Wall Street fall

European stock markets fell slightly this Wednesday, affected by the decline in Wall Street after the publication of some economic data that favors the maintenance of interest rates in the United States, according to market data.

So, Madrid has lost 0.43%; the index Euro Stoxx 40 0.42%, Frankfurt and Milan 0.27% each; Paris 0.17% and London 0.06%.

The markets of the Old Continent started the session with gains after the rise of the New York stock market on Tuesday after learning of the worsening of activity in the manufacturing sector (it was entering contractionary territory) and services this month in the United States.

This data increased the possibility that the price of money would become cheaper in the short term, with which the Dow Jones industrial index rose 0.69%, the S&P 500 1.2% and the Nasdaq Composite 1.59%. %.

That upward trend moved to Asia this morning, where Tokyo gained 2.42%, Hong Kong 2.21%, Seoul 2.01% and Shanghai 0.76%.

Inflation fell in Australia and interest rates in Indonesia rose by a quarter point, to 6.25%.

German business confidence rose by one and a half points in April, to 89.4 points, and European markets continued to make gains for the most part.

However, the 2.6% increase in durable goods orders in the United States last month contributed to Wall Street’s 0.1% drop at its opening, as it was contrary news to the expected rate cut and The trend in Europe changed.

The fall of the New York stock market, increased to 0.36% at the European close, occurred despite the rise of Boeing and Visa after presenting results and Tesla’s plans to improve its sales. Today they publish their Meta and Ford accounts.

The price of a barrel of Brent oil fell 0.48% and was trading at $88 after the decline in oil inventories in the United States.

The price of the euro fell from 1.07 dollars and stood at 1.0687 dollars, losing 0.14%.

The interest rate on long-term German debt rose almost nine basis points to end at 2.586%.

The troy ounce of gold rose 0.31% and was trading at $2,329.13.

Bitcoin fell 2.15% to $64,926.25.