European stock markets remain negative

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Lerato Khumalo

A negative trend is observed in European stock markets.

The Stoxx Europe 600 indicator index decreased by 0.1 percent to 512.5 points, the DAX 40 index in Germany decreased by 0.1 percent to 20,197 points, and the FTSE 100 index in England decreased by 0.3 percent to 8,222 points.

In Italy, the MIB 30 index is traded at 34,535 points, with a 0.7 percent decrease, in France, the CAC 40 index is traded horizontally at 7,447 points, and in Spain, the IBEX 35 index is traded at 11,767 points, with a 0.3 percent loss.

While concerns remain in global markets regarding the policies to be implemented by Donald Trump, who will take office in the United States, a mixed course is observed ahead of the macroeconomic data calendar that will intensify starting from today.

While a sell-off trend stood out in the European stock markets, all eyes turned to the inflation data to be announced in the Eurozone.

While countries across the region are having difficulty reaching their medium-term inflation targets, shrinking manufacturing activity continues to feed recession concerns.

Analysts stated that the annual inflation announced in Germany continues to remain above the 2 percent target, and stated that the signals to be received from the inflation data to be announced today in the Eurozone may affect the pricing of the path to be followed by the European Central Bank (ECB) in the coming period.

Today, inflation and unemployment rate in the Eurozone, foreign trade balance in the USA, JOLTS number of open jobs and ISM service sector Purchasing Managers Index (PMI) data will be followed.