European stock markets are positive

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Lerato Khumalo

Intensive data agenda on European stock exchanges and a positive course before Christine Lagarde, President of the European Central Bank (ECB), in Davos.

The Stoxx Europe 600 indicator index increased by 0.4 percent, 532.48 points, the DAX 40 index in Germany is 21.490 points with an increase of 0.4 percent and the FTSE 100 index in the UK is 8.580 points with a value of 0.2 percent.

The MIB 30 index in Italy is traded from 0.5 percent of 36.298 points, the IBEX 35 index in Spain is 0.3 percent of the value of 12.030 points and the CAC 40 index in France is traded from 7.957 points with a 0.8 percent premium.

In global markets, a positive course stands out after US President Donald Trump’s messages on the elimination of geopolitical risks at the World Economic Forum (Wef).

While the economy and commercial policies to be implemented by the new administration in the USA remain the focus of the markets, Trump’s explanations of foreign companies in the US support the risk appetite.

Trump, with a video conference yesterday, participated in the Wef, called on the business world to make production in the United States, warning that companies that do not produce in the United States will have to pay additional taxes.

While a positive course came to the fore yesterday in the European stock exchanges, the eyes were turned into ECB President Christine Lagarde’s speech. The session, which Lagarde will attend in Davos, is closely monitored by investors.

Analysts, in a speech to be followed today, Trump’s criticism of Europe and the United States for the commercial relations between the Lagarde’s comments, as well as signals against the ongoing recession concerns in the Euro Region will be sought.

On the other hand, while the inflation and recession dilemma continues to be one of the most important agenda items of the Euro Region, the manufacturing industry purchasing managers (PMI) data to be announced today is expected to provide more information about the economic course in the region.

Today, on the data agenda, the manufacturing industry and service sector will be announced on the Data Agenda, as well as the PMI data to be announced in Germany, England, and the USA.