Selling Pressure in European Stock Markets: Economic Concerns Increase

Continued Decline in European Markets

As of 11:20 AM today, the Stoxx Europe 600 benchmark index opened at 568 points, down by %0.8. The FTSE 100 index in the UK decreased by %0.6 to 9,648 points, while in Germany, the DAX 40 index saw a drop of %1.4, reaching 23,800 points. In France, the CAC 40 index fell by %1.3, settling at 8,001 points.

Situation in Italy and Spain

In Italy, the FTSE MIB 30 index declined by %1.3 to 42,673 points, while Spain's IBEX 35 index was down %1.6, standing at 17,790 points. These declines are being considered as a result of a general selling pressure in European markets.

Global Economic Concerns and Trade Relations

In global markets, rising concerns over the US economy and the ongoing trade tensions between the US and China are capturing investors' attention. Although positive outcomes were achieved from negotiations held in South Korea last week, uncertainty in the relationship between the two countries persists.

Interest Rate Cut Process and ECB Statements

Messages from members of the US Federal Reserve (Fed) regarding the interest rate cut process are also creating uncertainty in the markets. This situation is leading to a negative trend in European stock exchanges as well. Additionally, European Central Bank (ECB) President Christine Lagarde's upcoming statements are eagerly awaited by investors. Analysts warn that these statements could influence the markets.