Stock exchanges in Europe showed restrained breath throughout the trading session this Friday (27th) and closed with timid gains. Data from the United States pointed to the continued deceleration of inflation in the country, but also raised the alarm about the risks of recession, which made it difficult to define a clear direction for the stock markets.
In London, the FTSE 100, rose 0.05% to 7,765.15 points, while the DAX index, in Frankfurt, followed the movement and closed up 0.11%, to 15,150.03 points. The CAC 40, in Paris, advanced 0.02%, to 7,097.21 points, and the FTSE MIB, in Milan, closed up 0.83%, to 26,435.75 points. In Madrid, the Ibex 35 index rose 0.26% to 9,059.40 points. Finally, on the Lisbon Stock Exchange, the PSI 20 dropped 0.42% to 5,936.73 points. Quotes are preliminary.
Released during the morning, the indicators of consumer spending and personal income pointed to a worsening in American activity in December, in the view of Oxford Economics. The consumer spending price index (PCE), in turn, slowed to the annual high of 5.0% last month.
The data induced volatility in the markets on Wall Street and also reverberated on the other side of the Atlantic, where businesses were already showing restrained traction, awaiting monetary policy decisions from the Bank of England (BoE) and European Central Bank (ECB) next week. .
As for CMC Markets, the British BC is in a dilemma after raising interest rates by 50 basis points (bp) in December. However, bank committee members are likely to push for a further half a percentage point hike, as the bank does not want to give the impression that it is relaxing in its battle against inflation.
Standing out among the falls on the Paris Stock Exchange is Airbus, which lost about 3.5% after revealing plans to hire more than 13,000 people to overcome delays and meet growing demand.
Among other notable declines are companies related to the commodities sector, with Antofagasta down more than 2% and Rio Tinto down more than 1.5%, all on the London Stock Exchange. In Portugal, GalpEnergia fell by more than 0.2%.
At the other end, however, also in the commodities sector, Shell rose by more than 1% in London.
In the area of indicators on the continent, the highlight in the session was the Gross Domestic Product (GDP) of Spain, which exceeded market expectations.
Source: CNN Brasil
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