European stock markets opened higher

European stock markets started the day with a rise.

2 mins read
European stock markets opened higher

After the opening, the Stoxx Europe 600 benchmark index increased by 0.5 percent to 479 points, while the DAX 40 index in Germany is trading at 16,781 points with a 0.6 percent premium.

The FTSE 100 index in the UK is at 7,688 points with a 0.5 percent gain in value, the MIB 30 index in Italy is 30,657 points with an increase of 0.7 percent, the IBEX 35 index in Spain is 10,116 points with an increase of 0.5 percent and the CAC 40 index in France is at 7,464 points with a 0.5 percent gain.



The euro/dollar parity is currently hovering at 1.0980, 0.1 percent above the previous close.

Analysts stated that global stock markets followed a positive course ahead of the inflation data to be announced in the US today.

Stating that the Consumer Price Index data to be announced in the US today could shape the Fed’s future interest rate decisions, analysts reminded that annual inflation in the country is expected to be 3.2 percent.

Analysts said that in addition to inflation data in the US, weekly jobless claims will also be monitored.

In European stock markets, the effects of uncertainties regarding the future monetary policy of the European Central Bank (ECB) and economic activity across the region continue.

Analysts reminded that the verbal guidance of ECB members was followed this week and stated that the statements from the members did not help to eliminate uncertainties.

Accordingly, ECB member Isabel Schnabel noted that it is too early to cut interest rates, while another ECB member Luis de Guindos stated that the current interest rates are the biggest help in the fight against inflation.

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