European stock markets started the new trading day on a positive note.
After the opening, the Stoxx Europe 600 indicator index increased by 0.2 percent to 521.6 points, the DAX 40 index in Germany increased by 0.1 percent to 19,447 points, and the FTSE 100 index in England stood at 8,317 points with a 0.1 percent premium.
In Italy, the MIB 30 index is traded at 34,810 points with a 0.2 percent gain in value, in France the CAC 40 index is traded at 7,543 points with a 0.1 percent increase in value, and in Spain the IBEX 35 index is traded at 11,850 points with a 0.2 percent gain.
Global markets are following a mixed course as investors remain cautious despite the fact that company profitability is mostly better than expectations during the balance sheet season, which is concentrated in the USA.
While a negative trend prevailed in European stock markets yesterday, the statements to be made today by European Central Bank (ECB) President Christine Lagarde became the focus of investors.
In the October issue of the World Economic Outlook Report announced by the International Monetary Fund (IMF) yesterday, the growth forecast for the Eurozone economy was reduced from 0.9 percent to 0.8 percent for this year and from 1.5 percent to 1.5 percent for 2025. It was noted that it was reduced to 1.2.
The report stated that the growth forecast of Germany, one of Europe’s leading economies, was reduced from 0.2 percent to 0 percent for this year and from 1.3 percent to 0.8 percent for next year. It was reported that it was increased from 0.9 percent to 1.1 percent for this year, and reduced from 1.3 percent to 1.1 percent for next year.
Analysts stated that recession signals in the Eurozone remain strong and said that the flow of data on economic activity may be effective in the ECB’s monetary easing rate.
Today, the consumer confidence index and the statements of ECB President Christine Lagarde will be followed in the Eurozone, while mortgage applications, second-hand home sales and the beige book report of the US Federal Reserve (Fed) will be followed in the USA.