European stock markets are trending positively as US President Donald Trump’s visit to China continues to hold expectations that positive progress can be made for a permanent peace between the US and Iran, and the rise in the shares of technology companies increases the risk appetite in global markets.
In global markets, although the Producer Price Index (PPI) in the USA was above expectations, risk appetite increased due to the rise in technology stocks, and all eyes turned to the meeting between US President Donald Trump and Chinese President Xi Jinping to be held today.
European stock markets are also trending positively as expectations continue that positive progress can be made for a permanent peace between the US and Iran during Trump’s visit to China.
On the other hand, according to the data announced today, the 1st quarter Gross Domestic Product in England was within expectations with 0.6 percent compared to the previous quarter, while it was above expectations with 1.1 percent annually.
While economic growth in the previous quarter was 0.2 percent, it was 1 percent on an annual basis.
In European markets, as of 10.20, the Stoxx Europe 600 indicator index is at 613 points, with a 0.4 percent increase, and the FTSE 100 index in the UK is at 10,330 points, with a 0.1 percent increase.
In Germany, the DAX 40 index is at 24,370 points with a 0.98 percent gain in value, in Italy the FTSE MIB 30 index is at 49,763 points with a 0.6 percent increase, in France the CAC 40 index is at 8,052 points with a 0.6 percent increase, and in Spain the IBEX 35 index is at 17,778 points with a 0.7 percent gain.
Analysts stated that weekly unemployment benefit applications and retail sales will be followed in the USA today.
