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European stocks open higher awaiting the release of US CPI tomorrow

European stocks open higher awaiting the release of US CPI tomorrow

European stocks open higher awaiting the release of US CPI tomorrow

The European stock exchanges They have opened the session on Wednesday on the rise awaiting the publication tomorrow of the US CPI, after learning this morning the inflation data from China, which has shown that demand continues to show great weakness in the country..

At the opening, the stock market that rose the most was Madrid, with 0.46%, followed by Frankfurt, with 0.41%; Milan, with 0.29%; London, with 0.27%, and Paris, with 0.05%.

While the euro It appreciates 0.10% against the dollar and is exchanged at 1.082, Euro Stoxx50the index in which the largest European companies are listed, also rose by 0.29%.

The main index of the Tokyo Stock Exchange, the Nikkeiclosed this Wednesday with a new record, rising 0.61%, approaching the 42,000 point barrier, spurred by the earnings forecasts of Japanese companies and the weakness of the yen.

He consumer’s price index (CPI), the main indicator of inflation in China, rose by 0.2% year-on-year in June, a decline from the previous month’s figure of 0.3%.

The benchmark index of the Shanghai Stock Exchange fell by 0.68% today and the Shenzhen Stock Exchange lost 0.10%. Wall Street closed yesterday Tuesday in mixed territory in a session in which the Federal Reserve (Fed) conveyed a message of optimism about a future reduction in interest rates, after “modest progress” regarding inflation, the data for which will be published again tomorrow Thursday.

At the end of the day in the NYSEthe Dow Jones fell 0.13%, the S&P rose 0.07% and the Nasdaq 0.14%. Yesterday, Powell acknowledged the advances in inflation and said that if good figures continue to come in, it will become clearer when to lower interest rates.

Today, Powell will again speak this afternoon before the House Banking Committee and will once again give his view on monetary policy. In Spain, as expected, the Ibex Technical Advisory Committee decided yesterday to include Puig in the index, which debuted on the stock market on May 3, instead of Meliá. The change will be effective on July 22..

On the debt market, the German 10-year bond yield fell to 2.544%, while the Spanish 10-year bond yield also fell to 3.317%. As for raw materials, gold rose by 0.49% to reach a price of 2,379 dollars per ounce.

Brent crude, the benchmark in Europe, fell by 0.70% to 84.07 euros per barrel, while the benchmark crude in the United States, West Texas Intermediate (WTI), also fell by 0.55% to 80.37 dollars per barrel, before the official opening of the market.

Source: Elcomercio

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