European Stock Markets on the Rise: Increase Overall Except for Germany

General Rise in European Stock Markets

Today, European stock markets closed generally higher. The Stoxx Europe 600 benchmark index rose by 0.5% to 570.45 points. This indicates an increase in investor confidence in the markets.

Performance by Country

In the UK, the FTSE 100 index gained 0.67%, reaching 9,491.25 points. In France, the CAC 40 index rose by 0.31% to trade at 8,081.54 points. The FTSE MIB 30 index in Italy also increased by 0.42%, reaching 43,258.11 points.

Decrease in German Stock Market

However, the situation was somewhat different in Germany. The DAX 40 index closed today down by 0.18% at 24,378.8 points. This can be linked to investors more cautiously evaluating the macroeconomic data and geopolitical developments across Europe.

Macroeconomic Data

The data released today was also an important factor affecting market movements. In the Eurozone, the Producer Price Index (PPI) declined by 0.3% month-on-month in August and by 0.6% compared to the same month last year. These figures indicate that the pressure on production costs in the region continues.

PMI Data

On the other hand, the Eurozone's composite Purchasing Managers' Index (PMI) rose to 51.2 points in September, while the services sector PMI also increased to 51.3. This situation signals that the services sector continues to grow and is considered a positive signal for the economy.