European stock markets are positive

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Lerato Khumalo

In European stock exchanges, a positive course is followed on the first trading day of the week due to the increasing optimism for customs tariffs.

The Stoxx Europe 600 indicator index is trading at 495 points with an increase of 1.7 percent, the DAX 40 index in Germany increased by 1.8 percent from 20.731.50 points and the FTSE 100 index in the UK is trading at 8,077.95 points with 1.4 percent.

The FTSE MIB 30 index in Italy increased by 1.8 percent, 34,639 points, IBEX 35 index in Spain increased by 1.1 percent of 12.443,08 points and CAC 40 index in France is 7.232 points with a premium of 1.8 percent.

In global markets, some technology products imported to the United States will be evaluated within the scope of other existing tariffs, not within the scope of reciprocity -based tariffs, and a positive course is observed with the effect of increasing optimism towards negotiations.

While the European stock exchanges were positive, eyes were turned into negotiations on US tariffs. Maros Sefcovic, a member of the European Union (EU) Commission, will go to Washington today to make negotiations about tariffs.

Sefcovic is expected to meet with senior officials such as US Trade Minister Howard Lutnick and US Trade Representative Jamieson Greer.

Analysts noted that the negotiating steps are of high importance for both the European economy and the US economy and emphasized that the global risk appetite will be positively affected by this if the agreement is reached.

Recation concerns in the shadow of the high trade tariffs in Europe can increase the weakening in manufacturing industry activity, especially analysts, especially in the major industrial branches such as automotive industry, the EU is expected to reach an agreement before the 90 -day period exported to the US said.