European Stock Markets Rise: Optimistic Outlook Except for France

General Trend in European Stock Markets

European stock markets closed the day with an upward trend in line with investors' positive expectations for international markets. At the close, the Stoxx Europe 600 index rose by 0.23% to reach 575.76 points, indicating the confidence of investors across Europe.

Regional Index Movements

In the UK, the FTSE 100 index gained 0.7%, rising to 9,645.62 points. This increase is supported particularly by strong company reports. Germany's leading stock index, the DAX 40, also saw a 0.13% increase, reaching 24,239.89 points. In Italy, the FTSE MIB 30 index rose by 0.25% to 42,486.67 points, bringing a smile to investors' faces.

France's Different Course

However, the CAC 40 index in France showed no change, closing at 8,225.63 points. The situation in France indicates that investors' concerns persist, drawing a more cautious picture compared to other European countries.

Euro/Dollar Exchange Rate and PMI Data

The euro/dollar exchange rate was at 1.162, with a 0.05% increase as of 19:25. In the Eurozone, the Composite Purchasing Managers' Index (PMI) rose from 51.2 in September to 52.2 in October, reaching its highest level in the last 17 months. This development signifies an increase in economic activity and positive signals regarding economic growth.

Increase in UK Retail Sales

In the UK, retail sales increased by 0.5% in September, surpassing market expectations. This situation reflects the continued strong trend of consumer spending and the ongoing economic recovery.