July 7, 2020

European stocks post mixed results after opening



Europe’s big exchanges began the day with mixed results after Wall Street rose more than 2% on Monday and favorable economic statistics were released from China, according to market data.

At 9.15 am, Milan lost 0.26%; London 0.25%; Madrid 0.13% and Zurich 0.07%, while Frankfurt and Paris rose 0.21% each and the Euro Stoxx 50 index 0.15%.

On Wall Street, the Dow Jones industrial index rose 2.32%, while the S&P 500 rose 1.47% and the Nasdaq 1.2%.

For its part, Tokyo has gained 1.33% after knowing the growth of manufacturing activity in China this month and despite the fact that unemployment increased in May in Japan and Japanese industrial production fell.

The European markets began the session conditioned by the drop in the price of oil (the barrel of Brent fell by 7% and was trading at $ 41.55), as well as by the drop in the price of the euro, which lost 0.3 % and changed to $ 1,121. The yield on German long-term debt rose to -0.48%.

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