European stock markets are mixed

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Lerato Khumalo

After the opening, the Stoxx Europe 600 indicator index increased by 0.1 percent to 503.4 points, the DAX 40 index in Germany decreased by 0.1 percent to 19,167 points, and the FTSE 100 index in England increased by 0.3 percent to 8,136 points.

In Italy, the MIB 30 index is traded at 33,566 points with a 0.6 percent decrease, in France the CAC 40 index is traded horizontally at 7,277 points, and in Spain the IBEX 35 index is traded at 11,643 points with a 0.3 percent decrease in value.

Global markets are following a mixed course due to the strengthening of pricing that the US Federal Reserve (Fed) may end its interest rate cuts later than expected.

While a mixed trend was evident in the European stock markets, today all eyes were on the Eurozone inflation data for October and the speech of Bank of England (BoE) Governor Andrew Bailey.

While concerns about possible US customs tariffs that will negatively affect the Eurozone economy cause the risk perception to remain high in the region, signals from macroeconomic data are expected to have an impact on the direction of the markets.

On the UK side, Megan Greene, a member of the BoE Monetary Policy Committee, pointed out in her statement yesterday that it could be risky to reduce interest rates too early or too aggressively, and pointed out that it increases the employment costs of the public budget and this could create inflationary pressure.

Analysts said that today the current account balance in the Eurozone, the Consumer Price Index (CPI), and housing starts and construction permits in the USA will be followed.