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European stocks have opened the day positively

The European stock markets have opened this Monday positively following the Wall Street session last Friday. Beside this, stocks are still pending the New York manufacturing survey of May that will be published today.

Milan was the significant player in the European Market at the beginning of the trading day with an increase of 0.42%. Meanwhile, Madrid gained 0.37%, London climbed by 0.24%, and Paris added 0.23%.

The Euro Stoxx 50, grouping together the most significant European companies, gained 0.15%.

In the debt market, yields are down in both Europe and the US.

The interest on the German bond considered the safest becomes more negative and stands at 0.129%.

The yield on the US bond, which worries investors the most, is also down and stands at 0.1270%.

 

Wall Street jumped on Friday. Still, down for the week

Last Friday, Wall Street closed with gains, and its main indicator, the Dow Jones Industrials, gained 1.06%. It was the second day of increases after the drops at the beginning of the week due to fear of the rise in inflation.

The Dow Jones Industrials underwent its worst day since January on Wednesday. It lost 1.99%, and throughout the week, it accumulated a fall of 0.88%. The S&P 500 decreased by 0.72%, and the Nasdaq index lost 0.42%.

Wall Street was alarmed by the rise in inflation in the US, which was stronger than expected. Fears that the Federal Reserve could withdraw stimulus measures prematurely increased stock sales. 

Experts believe that the rise of eight-tenths in consumer prices last month is one more sign that the US economy is reopening. It is generating strong demand that supply is not able to absorb, especially services and goods. Now experts look at the central bank.

Still, those fears seemed to disappear at the end of last week. Several Federal Reserve officials assured that the central bank had no intentions to end the incentives. 

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