European stocks rise encouraged by the best economic data

Madrid, Sep 15 . .- The European stock markets have risen this Tuesday encouraged by the improvement of some economic data that point to a recovery after the crisis suffered as a result of the pandemic.

London has risen 1.32%, Madrid 1.20%, Milan 0.82%, Paris 0.32% and Frankfurt 0.18%.

The Eurostoxx50 index of the 50 largest capitalization companies is up 0.51%.

The markets reacted with gains after initial doubts about the increase in China’s industrial production of 5.6% year-on-year in August, the fifth consecutive month of growth and the highest figure since last December, which exceeded the forecasts of the analysts.

The positive news continued with the improvement in investment sentiment in Germany in September for the second month in a row as investors expect a remarkable recovery in the German economy.

The markets strengthened the rises with the bullish opening of the New York Stock Exchange, while investors are attentive to the meeting of the United States Federal Reserve on monetary policy with the attention focused on promoting employment in the country, after adopting a looser stance on its inflation targeting at the end of August.

Wall Street opened higher and its main indicator, the Dow Jones Industrials, advanced 0.45%, the S&P 500 rose 0.87% and the Nasdaq improved 1.46% and consolidated its recovery after briefly entering territory correction last week.

The price of Texas Intermediate Oil (WTI) rose 1.85% to $ 37.95 a barrel in anticipation of the next meeting of OPEC and its partners, and Brent crude rose 1.59% to 40, 24 dollars at the time of the closing of the European markets.

The euro touched 1.19 dollars due to the weakness of the dollar, although then it fell slightly and changed to 1.1819 dollars.

Gold, one of the safe haven assets in times of uncertainty, was down 0.20% and was trading at $ 1,953 per ounce. EFE

jj / may