European Stock Markets Rose Following Fed Announcements

Green Light with the Influence of the Fed

Today, European stock markets increased following positive statements from Federal Reserve Chairman Jerome Powell, which led to rising interest rate cut expectations. As of 10:30 AM, the Stoxx Europe 600 index rose by %0.6, reaching 568 points.

Changes in Major European Stock Indices

In Germany, the DAX 40 index is trading at 24,287 points, reflecting an increase of %0.2, while in England, the FTSE 100 index is up %0.1 at 9,464 points. Italy’s FTSE MIB 30 index increased by %0.8, reaching 42,378 points. In Spain, the IBEX 35 index rose %0.5 to 15,655 points, while in France, the CAC 40 index saw a significant increase of %2.2, climbing to 8,093 points, delighting investors.

Data Investors Are Watching

European stock indices are buoyed by growing optimism supported by the Fed’s easing process expectations. Today, there is a calm data agenda in the region, while statements from European Central Bank (ECB) officials have become the focal point for investors.

ECB President's Statements

Yesterday, ECB President Christine Lagarde announced that despite the ongoing budget crisis in France, there are no signs of disorder in the Eurozone bond market. Due to political uncertainties, France is going through difficult times. Prime Minister Sebastien Lecornu announced that he will propose to parliament to suspend the controversial pension reform until the 2027 presidential elections.

Industrial Production and Other Developments

Analysts indicate that they will closely monitor the industrial production data to be announced today in the Eurozone, along with news from the ongoing IMF and World Bank annual meetings in the US.