European stocks are up around 0.5% after opening

European stocks are up around 0.5% after opening

European stock markets posted moderate gains shortly after the opening, around 0.5%, encouraged by the rise in Asian markets, according to market data.
At 7.30 GMT, the 0.76% advance of the Euro Stoxx 50 index stood out, which brings together the fifty companies with the highest market value in the euro zone, while Milan rose 0.66%; Frankfurt, 0.62%; Paris, 0.59%; Zurich, 0.57%; Madrid, 0.47%, and London, 0.46%.
The advance of the markets of the Old Continent occurred after Tokyo gained 1.83% due to expectations that the changes in the ruling party will translate into new measures to reactivate the economy.

Asian jobs were also influenced by US employment data for August published on Friday, a month in which 235,000 jobs were created, less than expected. At this time, Shanghai was up 1.1%, and Hong Kong, 0.86%.

In addition, without counting on the United States benchmark (markets will be closed for the Labor Day holiday), investors were profiting from the 3.4% increase in German factory orders in July.
The markets did not take into account the 1.2% drop in the price of a barrel of Brent oil (reference in Europe), which was changing at this time to 71.7 dollars.

The price of the euro fell slightly, 0.1%, to 1,187 dollars, while the interest on long-term German debt fell slightly, to -0.368%.
The price of a troy ounce of gold fell 0.3% to $ 1,827.65.
This morning the confidence of the investors of the euro zone will be published.

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