The main markets in Europe closed operations in negative territory

FRANKFURT, Germany.— This Tuesday, the main markets in Europe closed their operations in negative territory, highlighting the fall of the DAX 40, the main index of the Frankfurt Stock Exchange, which fell 1.32%, while the euro was exchanged at 1.0857 dollars closing.

The euro is exchanged at 1.0857 dollars

The euro stood around $1.0857 this Tuesday after a day without major macroeconomic references in which the market has remained waiting to know inflation in the United States this Wednesday.

The single currency was exchanged at 1.0857 dollars around 3:00 p.m. GMT this Tuesday, compared to 1.0854 dollars in the last hours of trading on Monday.

For its part, the European Central Bank (ECB) has set the exchange rate at 1.0867 dollars.

In a session without major macroeconomic data, the markets are already looking to the United States, where inflation data will be released tomorrow Wednesday, which may give clues about the next steps in monetary policy of the Federal Reserve (Fed).

All in a week marked by the monetary policy meeting of the European Central Bank (ECB), in which the organization is expected to maintain interest rates at 4.5%, but could now open itself to discussing possible reductions in the future.

The message that the president of the ECB, Christine Lagarde, sends in the press conference after the meeting will also be important, after last March she insisted on the large amount of data that would be available in June.

The single currency has been exchanged today in a fluctuation band between 1.0852 and 1.0884 dollars.

The DAX 40 drops 1.32%

The main index of the Frankfurt Stock Exchange, the DAX 40, fell 1.32% this Tuesday, losing 18,100 points, dragged down by the red numbers of the arms company Rheinmetall and the automobile company Daimler Truck.

The DAX 40 closed the session at 18,076.69 points, while the TecDAX technology index fell 0.22% to 3,389.44 points.

In a day without major macroeconomic data in Germany, the session has been marked by the losses of Rheinmetall, which has dropped up to 12%, although it has finally moderated its declines to 6.89% after the maximum values of recent days.

Next to this company is Daimler Truck, which has fallen by 4.01% after confirming that its sales in the first quarter of 2024 fell by 13% to 108,911 units, in line “with the expected normalization of the markets in comparison” with a year ago, according to the company.

At the opposite extreme, the day has been led by the technology company Infineon, which has advanced 3.76%; followed by pharmaceutical supplier Sartorius, which is up 0.98%; and the pharmaceutical company Merck, with 0.69%.

Milan loses 1.08%

The Milan Stock Exchange closed lower and its selective index FTSE MIB fell 1.08%, reaching 33,946.29 points, awaiting the March inflation data in the United States.

For its part, the general FTSE Italia All-Share index fell 1.06%, to 36,138.41 integers.

During the session, some 649 million shares changed hands for a value of 2,643 million euros.

Investors opted for sales shortly after the Italian Government lowered growth forecasts to 1% throughout 2024, 0.2% less than predicted last September, due to the “delicate” international context.

In negative territory were the defense company Leonardo (8.94%), the Iveco group (6.96%), Banca Popolare Sondrio (3.88%), Banca Monte Paschi Siena (2.69%), Unicredit (2.44%), the hearing aid manufacturer Amplifon (2.43%) and the insurer Unipol (2.16%).

On the contrary, the laboratories Diasorin (3.52%), Telecom Italia (1.42%), Stmicroelctronics (1.29%), the water extractor Inwit (1.11%), the motor colossus Stellantis (0.72%), Campari (0.66%) won. ) or Finecobank (0.52%), among others.

The Spanish stock market falls 0.88%

The Spanish stock market fell 0.88% and closed the session below 10,900 points in a day without major economic indicators and waiting for US inflation to be published tomorrow and the European Central Bank to meet on Thursday ( ECB).

The IBEX 35, the main selective of the Spanish stock market, lost 95.8 points, 0.88%, to 10,816 points and during the year its accumulated gain fell to 7.07%.

The Stock Market had opened with slight losses, which increased throughout the session and were weighed down by the falls on Wall Street, which after a green start reversed the trend to take the downward path.

Among the large values, Telefónica is the only one that closed in the green, with a rebound of 0.08%. For its part, Iberdrola fell 0.52%; BBVA, 1.6%; Santander, 1.63%; Inditex, 1.8% and Repsol, 1.83%.

The CAC-40 closes with a drop of 0.86%

The main index of the Paris Stock Exchange, the CAC-40, closed lower today, with a fall of 0.86%, in a currently poor day for investors, who are awaiting the publication of the figures on Wednesday. inflation in the US for March.

This Tuesday’s contraction neutralized Monday’s gains, when the Parisian market had advanced 0.72%.

The CAC-40 ended the session at 8,049.17 points, with 26 of its values in red and 16 in green.

The arms group Thales led the losses, with a drop of 4.89%, followed by the aircraft manufacturer Airbus and the luxury group Hermès, which lost 3.44% and 2.44%, respectively.

A more pronounced fall was prevented by values such as L’Óreal, the second most capitalized, which rose 1.05%.

The London Stock Exchange falls 0.11%

The London Stock Exchange closed with widespread losses, falling 0.11%, dragged down by the fall experienced by companies in the defense sector and despite the increase in mining companies.

London’s main index, the FTSE-100, known as ‘footsie’, fell by 8.68 points to 7,934.79 points, while the secondary indicator, the FTSE-250, also fell by 91.23 points, that is, 0.46%. up to 19,763.35 integers.

The companies that led the biggest drop of the day were from the defense and aviation sector: BAE Systems, whose value fell 4.52%, and Rolls-Royce Holdings, which lost 3.94%.

Behind them were the Standard Chartered bank, which fell 3.75%, the manufacturing company Melrose Industries, with a 3.19% drop, and the insurance company Beazley, which registered a decrease of 3.11%.

On the opposite side of the scale, the companies that grew the most were the mining companies Fresnillo, with a growth of 3.96%, and Antofagasta, with an increase of 2.44%.

Among the increases of the day, the financial company St. James’s Place also stood out, which rose 2.99%, the chemical company Croda International, whose value increased by 2.24%, and the technology company Halma, which grew by 2.00%.

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