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The European stock markets opened this Tuesday’s session in green, with the exception of Madrid, which fell 0.39%, after yesterday’s falls, in a day marked by the inflation data in the eurozone and the GDP in Spain and Italy and unemployment in Germany.
At the opening, the stock market that rose the most was the London one, 0.15%; Paris, with 0.11%; Milan, with 0.10%; and Frankfurt, with 0.09%, while Madrid lost 0.39%.
Today it has become known that the Spanish economy has grown by 0.7% in the first quarter, a rate similar to the previous quarter – whose growth the INE has revised upwards by one tenth -, due to the good progress of exports and investment.
In the eurozone, the session will be led by CPI data for April, and in the US the Conference Board consumer confidence index for April will be published.
In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, rose 1.24% this Tuesday, driven by the technology sector and the weakness of the yen, which spurred exporters.
Wall Street closed yesterday Monday in green and its main indicator, the Dow Jones Industrial Average, rose 0.38% after a day focused on large US companies, while the S&P 500 advanced 0.32% and the Nasdaq rose 0.35%.
At this time, numerous business results have already been known, among which those of Banco Santander stand out, which earned 2,852 million euros in the first quarter of 2024, 11% more than the previous year, thanks to the strong growth in income and to cost control, which offset the increase in provisions and the impact of 335 million euros from the extraordinary bank tax.
In the debt market, the interest on the ten-year German bond rises to 2.530%, while the Spanish bond also rises to 3.300%.
Regarding raw materials, gold fell more than 1% to $2,332 per ounce, and Brent oil, the benchmark in Europe, fell 0.09% to $87.13 per barrel.
West Texas Intermediate (WTI), the US benchmark, also fell 0.10% to $82.57 per barrel, before the official market opening.
Bitcoin, the best-known cryptocurrency on the market, rose 1.99% to $63,394.
For its part, the euro fell 0.11% and traded at $1.0707.
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.
