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European stock markets open higher in a session marked by US inflation.

European stock markets opened higher this Wednesday, with increases of more than 0.25%, in a session in which they will be focused on the publication of the April inflation data in the USof great relevance as it is an indicator of the steps that the Federal Reserve (Fed) will take in monetary policy.

At the opening, the stock market that rises the most is London, 0.51%; followed by Milanwith 0.39%; Frankfurtwith 0.38%; Paris, with 0.27%; and Madridwith 0.26%.

He Euro Stoxx50, index in which the largest capitalization European companies are listed, also rose 0.34%.

In Asia, the Stock Exchange Tokyo closed this Wednesday almost flat, with a rise of 0.08% in its main indicator, the Nikkeiin a day marked by the rise of the technology giant Sony, which helped keep the index positive, while the benchmark index of the Stock Market Shanghai fell 0.82% and the Shenzhen stock market fell 0.88%.

The bag of Seoulfor its part, It did not operate today because it was a holiday in the country.

Wall Street closed yesterday, Tuesday, in green despite higher-than-expected inflation data in the US and the caution reiterated today by the president of the Federal Reserve (Fed), Jerome Powell, regarding monetary policy.

At the close of the session, the index Nasdaq, rose 0.75% and marked a record of 16,511 points; followed by the S&P 500, which rose 0.48%, and the Dow Jones Industrial Average, which rose 0.32%.

Powell reiterated yesterday Tuesday that it is “likely” that the institution will maintain interest rates at their current level at its next meeting in view of the available data and insisted that these will have to remain high for longer than expected.

Today’s data on the evolution of prices in the US is of great importance to evaluate the Fed’s room for maneuver in its monetary policies, and according to analysts it is estimated that the price growth data should moderate at least less than 0.2% in monthly rate to get closer to the Federal Reserve’s 2% objective.

In the debt market, the interest on the long-term German bond, considered the reference, falls to 2.507%, while the Spanish one also falls to 3.284%.

Brent oil, a reference in Europe, rose 0.59% to $82.88 a barrel, while West Texas Intermediate (WTI), a reference in the US, also climbed 0.69% to 78.56 dollars a barrel, before the official opening of the market.

Gold advances 0.76%, to $2,363 the price of the ounce.

Bitcoin, the best-known cryptocurrency on the market, rises 0.62% to $62,014, and the euro appreciates 0.13%, so it is exchanged at $1.083.

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Source: Elcomercio

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