European Stock Exchanges Showed a Negative Trend at Close

European Stock Markets Experienced a Decline at the Close

Today, European stock markets finished their sessions on a negative note. The benchmark index Stoxx Europe 600 closed down by %0.51 at 571.89 points.

Change in Country Indices

In France, the CAC 40 index decreased by %0.44, dropping to 8,121.07 points. Italy's leading index, FTSE MIB 30, was down %0.06, reaching 43,175.32 points. Germany's DAX 30 index dropped by %0.67, hitting 23,958.3 points. Additionally, the FTSE 100 index in the UK also fell by %0.44, decreasing to 9,717.25.

Inflation Data is Impacting Markets

Today, investors in Europe are focused on global developments. According to data released in the Eurozone, annual inflation, recorded at %2.2 in September, has declined to %2.1 in October. At the same time, the monthly inflation rate for October was determined to be %0.2. This decrease has created a positive atmosphere among investors; however, the European Central Bank's (ECB) policy decisions also play a significant role in the direction of the markets.

ECB Decisions and Economic Developments

This week, the ECB held its monetary policy meeting and kept its three key policy interest rates steady as expected. ECB President Christine Lagarde stated that downside risks to growth in the Eurozone economy have eased, continuing to instill confidence in the markets. However, how investors will react to these developments still carries uncertainty.