European stock markets lost their strength and were left without one direction in the past hours, after rehearsing the recovery at the opening of business on Thursday, as future indicators of the New York stock markets began to decline in general, indicating another day’s losses. Wall Street.
At 6:56 AM (Brasilia time), the pan-European Stoxx 600 showed a modest increase of 0.16%, at 437.06 points. Meanwhile, New York futures fell 0.50%.
In the past few days, global financial markets have been operating under pressure, as new indications that global inflation is gaining strength have fueled concerns that the Federal Reserve and other major business centers may start withdrawing the aggressive stimulus measures they adopted in response to the Coronavirus-19 pandemic. Earlier than imagined.
In Germany, the annual product inflation rate (PPI) was 5.2% in April, the highest level since August 2011, according to the country’s statistical agency, Destatis. The surveys released yesterday showed a strong acceleration in Consumer Prices (CPI) in the Euro-Zone and the UK.
Also at 6h56 (from Brasilia), the London Stock Exchange was down 0.20%, the Frankfurt Stock Exchange was up 0.13%, and the Paris Stock Exchange was up 0.36%. On the one hand, those in Milan and Madrid incurred losses of 0.07% and 0.48%, but Lisbon advanced 0.13%. On the exchange rate front, the euro strengthened at $ 1.2187 from $ 1.2171 late yesterday afternoon, and the pound rose to $ 1.4120 from $ 1.4112 yesterday.