Slow start for euro markets, with Britain watching

Slow start for euro markets, with Britain watching

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The session on Wednesday (19/6) started in mixed territory for the main stock markets in Europe, which lost the upward momentum of the previous session.

The pan-European Stoxx 600 rose slightly by 0.02% to 515.14 points, the mining sector rose 0.6%, while its healthcare counterpart fell 0.4%.

In Germany the DAX decreased by 0.09% to 18,107.15 points, in Britain the FTSE 100 decreased by 0.26% to 8,170.26 points, in France the CAC 40 lost 0.18% to 7,614.96 points, in Spain the IBEX 35.1 %, and the IBEX 35.10. and in Italy the FTSE MIB recorded losses of 0.05% to 33,298 points.

The data for inflation in the UK in line with expectations of 2% in May, reaching the target set by the Bank of England ahead of next Thursday’s interest rate decision. The BoE is expected to keep interest rates unchanged at 5.25%, with most economists polled by Reuters predicting a cut in August.

The data is from the eurozone showed that inflation rose at an annual rate of 2.6% in May, from 2.4% in April, confirming the Eurostat. Annual inflation in the EU stood at 2.7%, up from 2.6% in the previous month.

Most markets in the Asia-Pacific region strengthened, as key indicators on Wall Street hit new highs on Tuesday boosted by Nvidia. The giant in the field of artificial intelligence chips has exceeded its market capitalization Microsoft and it was done the most valuable company in the world. US markets will remain closed today due to a holiday.

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