Most European stock markets rise more than 1% due to rise in banks

Most European stock markets rose more than 1% this Tuesday due to the push of the banks, approaching or reaching historical highs, according to market data.

So, Madrid has gained 1.5%, Frankfurt 1.4% London 1.22%, to the historical maximum of 8,313.67 points, the index Euro Stoxx 50 1.19% Paris 0.99% and Milan 0.75%.

The European markets began the session with a rise of around 0.5%, which occurred after Wall Street’s advance the day before, when the Dow Jones Industrial Average gained 0.46%, the S&P 500 on 1, 03% and the technological Nasdaq Composite 1.19%.

In Asia, Seoul gained 2.16%, Tokyo 1.57% (favored by the weakness of the yen) and Shanghai 0.22%, while Hong Kong lost 0.53%.

In this session, the invasion of Rafah (Gaza) by Israel was announced.

In addition, activity in the Japanese services sector grew slightly last month and interest rates in Australia remained at 4.35%.

Also, some economic data was published in Europe: the growth of the German trade surplus in March thanks to the 0.9% increase in exports and the 0.7% increase that month in retail sales in the euro zone.

The banks, due to the results of UBS and the rejection by Banco Sabadell of the BBVA purchase proposal, became the engines of the stock market advance in the Old Continent. The Stoxx 600 banking sector index rose 1.73%.

It was also supported by Wall Street’s 0.2% rise this afternoon.

The price of the euro barely changed from the previous day’s closing price and stood at 1.0775 dollars.

The interest rate on German debt fell five basis points, to 2.418%.

Brent oil, the benchmark in Europe, fell 0.43% to $82.97 a barrel, while West Texas Intermediate (WTI), the benchmark in the US, rose 0.27% to $78. $.69.

The troy ounce of gold fell 0.36% to $2,315.5.

The Bicóin rose 0.67% and was exchanged at $63,726.