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European stock markets open stable, attentive to the rise in oil prices

As the market opened, with the euro depreciating by 0.12% trading at $1.159, Madrid showed a slight decline of 0.04%, while London increased by 0.18%, Paris by 0.14%, Milan by 0.06%, and Frankfurt by 0.05%.

The Euro Stoxx 50, an index listing the highest-capitalization companies in Europe, also rose by 0.19%.

Today’s session highlighted a significant increase in oil, surpassing 3%. Brent crude, the European benchmark, rose 3.15% to $64.57 per barrel, while the American benchmark, West Texas Intermediate (WTI), advanced 3.32% to $60.44 per barrel before the official market opening.

The United States Department of the Treasury announced sanctions against Russia’s two largest oil companies, Rosneft and Lukoil, on Wednesday, citing “Russia’s lack of a serious commitment to a peace process to end the war in Ukraine.”

In Asia, Tokyo’s Nikkei index closed down 1.30%, while the Shanghai Stock Exchange benchmark index rose 0.20%, the Shenzhen Stock Exchange gained 0.16%, and the Hang Seng index on the Hong Kong Stock Exchange increased by 0.87% awaiting closing.

Meanwhile, Wall Street futures, which saw declines in all three indexes yesterday not exceeding 1%, are currently showing mixed performance, with the Dow Jones Industrial Average slightly down by 0.01%, and gains of 0.20% for the S&P 500 and 0.29% for the Nasdaq.

Gold is recovering from Wednesday’s losses, up 1.58% to $4,130 per ounce.

Bitcoin is also rising again after previous drops, advancing by 2.19% to $110,104.50.

In the debt market, the yield on the ten-year German bond rose to 2.573%, and the Spanish bond also increased to 3.102%.

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