A positive trend is observed in European stock markets.
After the opening, the Stoxx Europe 600 indicator index remained flat at 519.2 points, the DAX 40 index in Germany increased by 0.1 percent to 19,228 points, and the FTSE 100 index in the UK stood at 8,239 points, just above the previous closing.
In Italy, the MIB 30 index is traded at 34,146 points with a 0.2 percent increase, in France the CAC 40 index is traded at 7,553 points with a 0.2 percent premium, and in Spain the IBEX 35 index is traded at 11,660 points with a 0.1 percent increase.
Global markets are following a mixed course due to concerns that the US Federal Reserve (Fed) may slow down the pace of the easing process after the inflation announced in the US was above expectations.
The increasing confidence that inflationary pressures in the USA have lost their strength for a while has been replaced by a cautious stance after the inflation data announced yesterday.
While the European Central Bank (ECB) is expected to continue its easing process at its monetary policy meeting next week, the data flow regarding inflation and economic activity from across the region is being closely monitored.
In addition, the ECB’s September monetary policy meeting minutes, released yesterday, revealed that although the members of the ECB Governing Council were satisfied that the disinflation process was on track, they took a cautious stance on further policy easing. The minutes containing the evaluations of the council members showed that they advocated a gradual policy relaxation, considering the ECB’s price pressures.
On the other hand, while the September Consumer Price Index (CPI) in Germany did not change on a monthly basis, it was within expectations with an increase of 1.6 on an annual basis.
Analysts stated that the Producer Price Index (PPI) and the University of Michigan consumer confidence index will be followed in the USA today.