European stock markets are negative except Germany

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Lerato Khumalo

In European stock exchanges, the news flow on the tariff negotiations of the US continues to have an impact on pricing, while a negative course is followed by Germany with the effect of global increasing geopolitical risks.

The Stoxx Europe 600 indicator index decreased by 0.3 percent at 534.66 points, the FTSE 100 index in the UK decreased by 0.2 percent from 8.582.38 points, and the FTSE MIB 30 index in Italy is 38.477 points with 0.2 percent loss.

The IBEX 35 index in Spain was 0.2 percent decreased by 0.2 percent and the CAC 40 index in France decreased by 0.4 percent to 7.664.07 points, while the DAX 40 index increased by 0.1 percent to 23.254.67 points.

The fact that the United States and China will meet in trade, although optimism in global markets, stands out in European stock exchanges except Germany. In the global markets, the US central bank (FED) was turned into monetary policy decisions this evening and the speech of the FED President Jerome Powell.

On the other hand, the geopolitical and political developments in the region are closely monitored. The news flow of the Russian-Ukraine War and the tensions that turn into hot conflict between India and Pakistan are at the focus of investors. On the 50th anniversary of the establishment of diplomatic relations of Chinese President Shi Cinping (EU), the call to contribute to global peace, stability and prosperity was welcomed by investors on the 50th anniversary of the establishment of diplomatic relations.

The news flow that the US and the UK has made progress in negotiations for the trade agreement is among the developments. According to the data released in the region today, March factory orders in Germany increased by 3.6 percent on a monthly basis, increased by 3.8 percent on an annual basis.

Today, retail sales in the Euro region, weekly mortgage applications in the USA and Fed’s interest rate decision and Fed President Powell’s speech will be followed.