European stock markets are complicated

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Lerato Khumalo

In the European stock exchanges, the influence of inflation data described in the US and the question marks about whether there will be an agreement between the US and the European Union (EU) on tariffs.

The Stoxx Europe 600 indicator index decreased by 0.2 percent from 543.9 points, the DAX 40 index decreased by 0.1 percent in Germany and the CAC 40 index in France is traded at 0.1 percent loss in 7.756 points.

The FTSE 100 index in the UK is 8.948 points with an increase of 0.1 percent, the FTSE MIB 30 index in Italy increased by 0.1 percent and the IBEX 35 index in Spain is 13.947 points with 0.5 percent.

In global markets, a mixed course is a mixed course with the start of the impact of the tariffs on the economic appearance and the uncertainty of the monetary policy steps of the US Federal Reserve (FED) in the future.

On the European side, the foreign trade balance data to be announced today in the Euro Region settled at the focus of investors, while the President of the UK Central Bank (Boe), Andrew Bailey, said that the International Monetary Fund (IMF) should play a key role in the fight against risky imbalances accumulated in the global economy.

On the other hand, Italian Prime Minister Giorgia Meloni and Austrian Prime Minister Christian Stocker, who met at the Palace of the Prime Minister in Rome Chigi, made a joint press statement after his talks.

Meloni stated that they agreed to prevent the trade war between the two sides of the Atlantic in every way between the US and the EU and the EU, while Stockker agreed that they should take a joint attitude as the EU.

According to the data released in the region today, inflation in the UK was over expectations with 0.3 percent per month and 3.6 percent annually. In the country, inflation data for May were calculated as 0.2 percent per month and 3.4 percent annually.

Analysts said that with the acceleration of inflation in the UK, the uncertainties related to Boe’s interest policy increased and that the bank may continue to gradually and prudent attitude towards interest cuts.

The rest of the day will be monitored by producer inflation, industrial production and capacity use rate data in the US, especially the foreign trade balance in the Euro Region, said that the news flow between the US and the EU will be at the focus of the markets.