European stock markets are positive

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Lerato Khumalo

In European stock exchanges, a positive course is followed on the new trading day.

The Stoxx Europe 600 indicator index increased by 0.5 percent to 557.1 points, the DAX 40 index in Germany has a score of 22.595.16 percent with a 0.9 percent rise, and the FTSE 100 index in the UK is 8,720.8 with a value of 0.6 percent.

The MIB 30 index in Italy increased by 0.5 percent to 38.913 points, the IBEX 35 index in Spain is trading from 0.4 percent of 13.178.45 points with 0.4 percent and the CAC 40 index in France is 0.8 percent.

Global markets, signals from macroeconomic data and the uncertainties created by US President Donald Trump’s policies, while the eyes have been translated into the financial results of Nvidia, one of the largest companies in the world.

A positive course on the European side came to the fore, while investors’ focus has been turned into explanations to increase defense expenditures.

Fitch Ratings, an international credit rating agency, said that increasing defense expenditures will lead to higher financial deficits and financing needs in Europe.

The European Union (EU) Commission President Ursula von Der Leyen said that this month, the common expenditures of EU member states should be exceeded 3 percent of the gross domestic product (GDP).

The statement said that these expenditures will be financed by interruptions from overseas aid in England and then it was aimed to increase it to 3 percent.

On the other hand, while the political developments in Germany were followed, the Christian Democratic Union Party (CDU) and the Christian Social Union Party (CSU) Prime Minister CDU Chairman Friedrich Merz, the Social Democratic Party (SPD) and the coalition government will be intensified.

According to the data released today, the GFK Consumer Confidence Index for March in Germany was below expectations with minus 24.7.

For the rest of the day, Mortgage applications, construction permits and new housing sales will be followed in the USA.