A negative trend is observed in European stock markets on the new trading day, except for Italy.
Stoxx Europe 600 indicator index decreased by 0.3 percent to 517.2 points, DAX 40 index in Germany decreased by 0.1 percent to 20,328 points, and the FTSE 100 index in England decreased by 0.4 percent to 8,251 points.
In Italy, the MIB 30 index is traded at 34,550 points with a 0.1 percent gain in value, in France the CAC 40 index is traded at 7,382 points with a 0.2 percent loss, and in Spain the IBEX 35 index is traded at 11,814 points with a 1.3 percent loss in value.
While the cautious course in global markets comes to the fore ahead of the uncertainties regarding the trade policies to be followed by the new administration in the USA and the critical data agenda, all eyes are on the inflation data to be announced in the country today.
In European stock markets, the last monetary policy decision of the year by the European Central Bank (ECB), which will be announced tomorrow, has become the focus of investors.
While recession concerns remain throughout the region, the ECB is expected to gradually loosen monetary policy by reducing the interest rate by 25 basis points in this year’s last interest rate decision.
Although analysts stated that a 50 basis point interest rate cut may be on the table to revive recession concerns and falling manufacturing activity, they stated that the leading inflation data for November announced in the Eurozone was above the ECB’s target of 2 percent on an annual basis, limiting the expectations for a 50 basis point cut. .
Today, inflation, mortgage applications and the federal budget balance will be followed in the USA.
