As of 10:30 AM today, a general rise is observed in European stock markets. The Stoxx Europe 600 benchmark index is trading at 572 points with a 0.1% increase. The FTSE 100 index of the UK has risen to 9,433 points with a gain of 0.3%. Meanwhile, Germany's DAX 40 index is flat, remaining at 24,260 points.
Italy's FTSE MIB 30 index has gained 0.7%, reaching 42,693 points, while Spain's IBEX 35 index maintains a 0.1% increase at 15,866 points. France's CAC 40 index has also risen by 0.2%, reaching 8,219 points. This volatility is boosting optimism among investors.
Decreasing concerns about the trade war between the US and China are strengthening risk appetite in global markets. Recently, tensions between the two countries had created uncertainty among investors. Now, all eyes are on the planned meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea.
Trump stated that the two leaders would reach a very fair agreement and sign a strong trade deal during this meeting. These remarks continue to have a positive effect on the markets.
On the other hand, statements from European Central Bank (ECB) officials are being closely monitored by investors. ECB Chief Economist Philip Lane noted that due to recent tariff uncertainties, the sales of US Treasury securities and the weakening of the dollar have negatively affected Eurozone banks' confidence in dollar-denominated liquid assets. Lane also stated that the stress and fragility in dollar funding among banks have increased.
Overall, Lane mentioned that the transmission mechanism of monetary policy is functioning healthily, emphasizing that these developments are critical for the continuation of stability in the markets.
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