A positive trend is observed in European stock markets, except for France, due to optimism that tensions in the Middle East may decrease.
Yesterday, while a sales-oriented outlook came to the fore in global markets due to the geopolitical risks that escalated again in the Middle East, a retreat was observed in oil prices as hopes increased that Iran could participate in negotiations with the USA in Islamabad. This situation led to a limited decrease in risk perception in global markets.
Hopes that tensions between the parties would ease limited the negative reactions seen in the markets.
As of 10.30 in European markets, the Stoxx Europe 600 indicator index is at 621.9 points with a 0.1 percent gain, and the FTSE 100 index in England is at 10,616 points with a 0.1 percent increase.
In Germany, the DAX 40 index is at 24,556 points with a 0.5 percent gain in value, in Italy the FTSE MIB 30 index is at 48,377 points with a 0.4 percent increase, in France the CAC 40 index is at 8,324 points with a 0.1 percent decrease, and in Spain the IBEX 35 index is at 18,315 points with a 0.3 percent premium.
FRANCE AND POLAND WILL STRENGTHEN DEFENSE COOPERATION
In addition to developments in the Middle East, bilateral diplomatic contacts are closely followed in the region.
French President Emmanuel Macron stated at the joint press conference held yesterday in Gdansk, Poland, with Polish Prime Minister Donald Tusk that cooperation in the field of security and defense will be strengthened between the two countries.
Stating that they are acting with Poland in support of Ukraine, Macron stated that he wants to develop cooperation with Poland in the energy sector, including civil nuclear energy, and in the field of space.
Macron evaluated that a new page had opened in Europe with Peter Magyar’s victory in the elections in Hungary, and said that they could be “optimistic” about the implementation of the European Union’s 90 billion euro support commitment to Ukraine.
Analysts stated that, in addition to the developments in the Middle East, the ZEW economic confidence index in Germany, retail sales and pending home sales data in the USA will be followed for the rest of the day.
