A negative trend is observed in European stock markets before the Christmas holiday.
Stoxx Europe 600 indicator index is at 502 points with a decrease of 0.1 percent, DAX 40 index in Germany is at 19,833 points with a loss of 0.4 percent and FTSE 100 index in England is at 8,054 points with a decrease of 0.4 percent.
In Italy, the MIB 30 index is traded at 33,660 points with a 0.3 percent decrease, in France the CAC 40 index is traded at 7,257 points with a 0.2 percent decrease, and in Spain the IBEX 35 index is traded at 11,425 points with a 0.4 percent loss.
While the search for direction before the Christmas holiday comes to the fore in global markets, it is predicted that the markets will remain shallow throughout the week due to the holiday.
While the interest rate decisions of central banks, especially the US Federal Reserve (Fed), were followed last week, the inflation and recession dilemma around the world was included in the pricing again.
In his statement on Friday, European Central Bank (ECB) Chief Economist Philip Lane stated that the ECB does not have to keep interest rates at a restrictive level in light of the latest developments in inflation.
According to the data announced in the region today, the British economy showed no change on a quarterly basis in the third quarter, and although it grew by 0.9 percent on an annual basis, it remained below expectations.
Analysts also stated that New York Fed consumer confidence data in the USA will be followed.
