European stock markets are following a positive trend thanks to the news flow that the USA and Iran will meet today in Doha, the capital of Qatar, and the rise in technology stocks.
The easing of geopolitical tensions that increased over the weekend with the statements from the parties reduced the risk perception in global markets.
After Iran and the USA agreed to stop the attacks and restart the talks, US President Donald Trump announced that Iran had requested a meeting and that the meeting would be held today in Qatar’s capital Doha, increasing the risk appetite in global markets.
In addition to geopolitical developments, the rise in technology companies with expectations that investments in artificial intelligence will support company balance sheets also supports global share markets.
With these developments, a positive trend also stands out in European stock markets.
On the other hand, while the UK’s gross domestic product (GDP) for the first quarter met expectations by increasing by 0.6 percent compared to the previous quarter, it increased by 0.9 percent on an annual basis and was below expectations.
As of 10.30 in European markets, the Stoxx Europe 600 indicator index is at 640 points, with an increase of 0.6 percent, and the FTSE 100 index in England is at 10,509 points, 0.2 percent above the previous closing.
In Germany, the DAX 40 index is at 24,830 points with an increase of 0.8 percent, in Italy the FTSE MIB 30 index is at 51,453 points with a 0.6 percent increase, in France the CAC 40 index is at 8,399 points with a 0.3 percent gain, and in Spain the IBEX 35 index is at 19,416 points with a 0.2 percent gain in value.
Analysts stated that an intense data agenda will be followed today, especially the unemployment rate and inflation in Germany and the number of JOLTS open jobs in the USA, and said that the inflation data to be announced in Germany may have an impact on the expectations regarding the next monetary policy of the European Central Bank (ECB).
