European stock markets close without a single direction, still in the wake of the ECB

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Stock markets in Europe closed this Friday (25) without a single direction, still reacting to the publication of the minutes of the last monetary meeting of the European Central Bank (ECB) and keeping an eye on speeches by the entity’s leaders, who differed on their monetary positions .

Data from Germany also guided trading for the session.

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In London, the FTSE 100 rose 0.27% to 7,486.67 points, pushed to the positive side by good results from oil companies in the futures market. This Friday, both Shell and BP closed up nearly 1%.

Meanwhile, the CAC 40, in Paris, advanced 0.08%, to 6,712.48 points, and the FTSE MIB, in Milan, closed down 0.05%, to 24,718.81 points. In Madrid, the Ibex 35 index rose 0.39% to 8,421.10 points. Finally, on the Lisbon stock exchange, the PSI 20 dropped 0.04% to 5,877.95 points. Quotes are preliminary.

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The DAX index, in Frankfurt, closed up 0.01%, at 14,541.38 points. This Friday, Germany revised upwards its GDP estimate, which grew 0.4% between the second and third quarters.

The German consumer confidence index rose to -40.2 in December, according to the GfK, which, for Oxford Economics, confirmed the pessimism of consumers, “although the government’s fiscal interventions partially cushion the blow”.

Earlier, the director of the European Central Bank Madis Müller defended that it was “too risky to wait that a slowdown of the economy, alone, reduces the increase of prices again”, pointing out that the central banks must act as soon as possible. In the minutes of the last monetary meeting, published on Thursday, the ECB raised the possibility of a smaller monetary tightening in the event of a “deep” recession.

However, an ECB official told the website Econostream that sees no “realistic scenario” for a tightening of the eurozone. Still in the minutes, the indication was that not all directors agreed on the pace of interest rate increase, which raises doubts about the next decision, according to a Commerzbank report.

The chief economist at the monetary entity, Philip Lane, warned that salary adjustments in the euro zone should be a factor pushing inflation for the “next several years”.

Source: CNN Brasil

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