European stock markets close with mixed sign after new data in the US

European stock markets close with mixed sign after new data in the US

The main European stock markets have closed this Thursday in an uneven way after knowing new data on the downward evolution of prices in the United States, according to market data.

Milan has led the gains with 0.69%; followed by Madrid and Paris, which have advanced by 0.33% each. On the other hand, London has fallen by 0.55% and Frankfurt by 0.05%.

The Euro Stoxx 50, an index that includes European companies with the largest capitalization, has risen 0.21%.

The main European markets opened with increases after the advances registered by Wall Street at the close of yesterday and encouraged by the rise in their futures, whose main indicator, the Dow Jones, advanced 0.52% at closing time in the Old Continent .

Throughout the session, the gains moderated and London and Frankfurt finally opted for losses.

This Thursday, investors from the United States learned of the fall in production prices in July from 11.3% to 9.8% year-on-year (yesterday the fall in the CPI was known six tenths, to 8.5%) and the increase in weekly requests for unemployment benefits, according to the Department of Labor.

The euro prolonged the rises of the day before and appreciated 0.32% against the “greenback” and at the end of the session it was exchanged for 1.0332 dollars, the highest for a month.

In the raw materials market, OPEC has announced that it expects a boost in crude oil consumption of 2.7% in 2023, and Brent oil, a benchmark in Europe, rose 1.37% at the close of the markets and It was trading at $98.72 a barrel, while the US benchmark WTI Intermediate rose 1.59% to $91.93 a barrel.

The price of TTF gas in the Netherlands, a reference in the European market, remains very high and closed the session with a rise of 0.24%, to 207.25 euros/MWh, after having reached a maximum of 216.5 euros/MWh during the day.

In the secondary debt market, the profitability of the vast majority of eurozone countries has risen and the interest on the ten-year German bond, considered the safest, has closed at 0.966% after rising eight basis points.

The troy ounce of gold fell 0.1% to $1,790.

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