April 22th 2024

The European stock market closes negative

In the equity market, the week ended with a clearly negative day in Europe, after Thursday's lower close in the United States, with greater geopolitical tension and doubts about the rate reduction process. In this environment, the Ibex 35 fell 1,58%, to 10.916 points, with an annual increase of 8%, while the Euro Stoxx 50 fell 1,1% to 5.014 points, with a profitability of 10,9 .2024% in XNUMX.

Employment data in the United States, which exceeded expectations, filled the markets with volatility and sent bond yields skyrocketing. This week, the focus will be on the American inflation data (CPI) for the month of March, as well as the Producer Price Index (PPI).

The Pound continues to show little movement, with the EUR/GBP pair trading in a lateral range (0.85 – 0.86), without clear signals and started the week at levels of 0,8580. The Japanese Yen depreciated with the good data from the American labor sector and once again crossed above the level of 164 against the community currency, while the Swiss Franc closed a week of depreciation, where it has marked annual lows by crossing above 0.9845.

The post The European stock market closes negative Appeared first on Blog Export your value.

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