Mixed Close in European Markets: Drops and Increases

Closing Trends in European Markets

Today, European stock markets displayed a volatile trend at closing time, concerning investors as the Stoxx Europe 600 benchmark index fell by 0.17% to 569.27 points. In the Italian market, the FTSE MIB 30 index was recorded with a decline of 0.17% at 43,070.95 points.

Performance by Country

In the UK, the FTSE 100 index increased by 0.05%, reaching 9,483.58 points. France's CAC 40 index gained 0.04% to close at 7,974.85 points, while Germany's DAX 40 index rose by 0.03% to end at 24,385.78 points. These fluctuating closures once again highlight the impact of uncertainties in international markets and local developments.

Changes in Euro/Dollar Exchange Rate

In the international foreign exchange market, the euro/dollar exchange rate dropped by 0.265% to 1.168 as of 20:12, capturing investors' attention. This situation raises uncertainties regarding the overall state of the European economy.

Impact of Political Developments in France

The French political scene was thrown into chaos as the new Prime Minister Sebastien Lecornu resigned immediately after forming the government. This has caused continued fluctuations in the regional markets.

Decrease in Factory Orders in Germany

Additionally, according to data released today, Germany's factory orders decreased by 0.8% month-on-month in August due to weak external demand, drawing attention. This is considered one of the factors negatively affecting the European economic outlook.

Global Trade Growth Forecasts

Furthermore, the World Trade Organization (WTO) has raised its global trade growth forecast for this year from 0.9% to 2.4%. However, with the expectation that U.S. tariffs will remain effective until 2026, the growth forecast for next year has been lowered from 1.8% to 0.5%. These developments continue to influence the direction of trade in global markets.