European stock markets start the week with losses; the euro increases for the third day

Most stock markets in Europe show reds in part-time trading this Monday, in a busy week of trading results, key economic data in the eurozone and meetings of central banks of the United States and Japan.

In this context, the index Stoxx Europe 600 which includes the 600 largest companies listed on the equity markets of 18 European countries, fell by 0.12%, followed by the stock market. London loses 0.32% on its FTSE-100 index; while the DAX-40 Frankfurt retreats 0.18%

For its part, the CAC-40 index of Paris lost 0.15%, followed by the Ibex-35 of Madrid with 0.29 %; On the other hand, the Swiss and Portuguese stock markets gained respectively 0.19% and 0.17% on their SMI and PSI indices.

The stock exchanges were also replicated at the beginning of the week the reverse suffered at the end of Friday by Wall Street amid alerts generated by the latest accidents companies social networks.

Thus, the Nasdaq Friday signed a 1.5% decline on Wall Street, which is today the main negative factor weighing on the minds of European investors.

There was Facebook first Thursday, then Twitter came a day later, to put the fear of the market regarding the ability of the two most popular social networks in the world to continue to add users.

And if more users do not arrive, the experts are right to question their growth and business model, which is exactly what happened.

On the agenda of the week, The Bank of Japan (BoJ) ends its two-day monetary policy meeting on Tuesday, the US Federal Reserve will release its statement on Wednesday and it is expected that the Bank of England (BoE) increased its interest rates on Thursday, in a busy week that could establish the short-term trend for the foreign exchange market.

As regards foreign exchange, the euro rose 0.3%, 1.198 units per dollar, after having canceled part of the losses incurred when European Central Bank (ECB) confirmed last week that its interest rates would remain at historically low levels until the summer of 2019. [19659011] For its part, in the economic figures, it was published that confidence in the 19 countries that share the euro fell in July from 112.3 points in June to 112.1 in July, continuing with a downward trend that began Despite the improvement of the sector services, optimism in the sectors of industry and retail trade decreased by 115.2 points in December.

In another relevant graph, German annual inflation remained unchanged in July. , as forecast by 2.1% year-over-year, and above the price stability target of the European Central Bank, showed data released Monday, supporting the ECB's approach to gradually reduce its unprecedented monetary stimulus.

The ECB aims for inflation close to 2%, but below this threshold

With information from Reuters and Notimex.