European stocks started with gains on Wall Street rebound

The European stock markets have started the session on Friday on the rise. They picked up the rebound on Wall Street, which yesterday closed with an increase of more than 1% after the last four sessions of consecutive falls.

At the beginning of the trading day, the Stock Market that rose the most was Madrid, with a surge of 1.01%. It was followed by Frankfurt, with a 0.99% gain. At the same time, London added 0.69%, Paris gained 0.58%, and Milan increased by 0.43%.

The Euro Stoxx 50, grouping the most significant European companies, also advanced by 0.71%.

Nikkei added 2.32%, and Wall Street climbed by 1.29%

Wall Street closed with gains this Thursday, and its main indicator, the Dow Jones Industrials, climbed by 1.29%. Wall Street recovered part of what it lost in the previous trading day because of investors’ fear of inflation. 

The principal index of the Tokyo Stock Exchange, the Nikkei, advanced by 2.32% this Friday. It was driven by bargain hunting after three days of losses on concerns about rising inflation and its potential impact on economic stimulus.

The Topix, including firms with the highest capitalization, added 1.86% or 34.38 points to stand at 1,883.42 units.

The Japanese government’s decision to prolong the state of health emergency to more areas to stop the increase in COVID-19 infections had a limited impact on the stock market. The trading volume amounted to 2.3 trillion yen.

Today, investors will be watching the May advance survey from the University of Michigan in the US and April data on industrial production and the import price index.

In the debt market, the interest on the German bond, which is considered the safest, slumped at this time. The yield on the US bond, which worries investors the most, declined to 1,656%.