Business

European stock markets open lower

After the opening, the Stoxx Europe 600 indicator index decreased by 0.55% to 459.8 points, and the DAX 40 index in Germany decreased by 0.62% to 15,428 points.

In the UK, the FTSE 100 index decreased by 0.42% to 7,878 points, while the CAC 40 index in France decreased by 0.27% to 7,169 points. In Spain, the IBEX 35 index decreased by 0.76% to 9,173 points, and in Italy, the MIB 30 index decreased by 0.24% to 27,437 points.

The euro/dollar parity is currently at 1.0750, 0.1% above its previous close.

Analysts noted that the uncertainties about where the US Federal Reserve (Fed) will set the final interest rate reduced the risk appetite in global stock markets, and reported that the verbal guidance of the Fed officials and the signals from the data were followed closely by the investors.

After the Bank of England (BoE) Governor Andrew Bailey said yesterday that the fall in inflation in the UK will accelerate, the FTSE 100 index in the UK saw its historical peak with 7,949 points during the day, and brought the closing record to 7,911 points.

Reminding that Joachim Nagel, a member of the European Central Bank (ECB), said that the ECB should continue its hawkish policies with determination until it reaches the 2% target in inflation, analysts said that the University of Michigan consumer confidence index, which will be announced in the USA, came to the fore on the data agenda today.

On the other hand, according to the data released today, the UK grew by 0.4% annually in the fourth quarter, in line with the expectations, while industrial production increased by 0.3% in December, exceeding the forecasts.

Source: Trthaber / Prepared by Irem Yildiz

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