While European stock markets follow a positive trend, except for Spain, positive signals from company balance sheets support investors’ risk appetite, although an agreement that will ensure permanent calm in the Middle East has not been reached yet.
While global markets continue to search for direction due to the uncertainties regarding the future steps of the US Federal Reserve (Fed) and the effect of the fact that the agreement expected to be reached this week in the Middle East has not yet been reached, the non-farm employment data to be announced in the US today has become the focus of investors.
While the increases led by technology and telecommunication stocks across Europe attracted attention, the positive signals received from the announced company balance sheets and the macroeconomic data announced today also supported the pricing.
According to the data announced today, industrial production in Germany increased by 0.2 percent on a monthly basis, meeting expectations. Calendar-adjusted industrial production decreased by 0.1 percent on an annual basis, contrary to expectations.
On the other hand, the country’s foreign trade balance gave a surplus of 15.4 billion euros in June. Market expectations were that the foreign trade balance would have a surplus of 17.2 billion euros.
– Russia calls for consultation with the USA regarding Ukraine
Juan Jesus Vivas, President of the Autonomous City of Sebte (Ceuta), Spain’s territory in North Africa, called on the European Union (EU) to strengthen the border with Morocco and send more personnel and equipment to the region.
Vivas stated that the people of Sebte were sad, helpless, uneasy, scared and worried, and stated that approximately 80 thousand people entered Sebte on July 30-31, while the official figure of the Spanish government was 75 thousand.
In addition to these developments, US President Donald Trump evaluated the current situation regarding the Russia-Ukraine war and argued that the Joe Biden administration had given too many weapons and ammunition to Ukraine.
Stating that the USA sent a lot of weapons and ammunition not only to Ukraine but also to many countries, Trump stated that they could take some of them back if they needed.
Russian Foreign Ministry Deputy Spokesperson Aleksey Fadeyev also called on the USA to focus on the peaceful solution process of the Ukraine crisis and said, “If American negotiators have constructive ideas, we are always ready to consult them.” he said.
With these developments, as of 10.30 in the European markets, the Stoxx Europe 600 indicator index is at 659 points, with a 0.2 percent increase, and the FTSE 100 index in the UK is at 10,887 points, with a 0.2 percent increase compared to the previous closing.
In Germany, the DAX 40 index is at 26,243 points with a 0.3 percent premium compared to the previous closing, in Italy the FTSE MIB 30 index is at 53,767 points with a 0.2 percent increase, in France the CAC 40 index is at 8,713 points with a 0.2 percent premium, and in Spain the IBEX 35 index is at 20,139 points with a 0.2 percent decrease in value.
Analysts stated that the data agenda in the Eurozone was calm for the rest of the day and that investors focused on the non-agricultural employment data to be announced in the USA.
