European stock markets remain positive

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Lerato Khumalo

European stock markets follow a buying-oriented trend.

The Stoxx Europe 600 indicator index increased by 0.3 percent to 527.6 points, and the DAX 40 index in Germany increased by 0.6 percent to 21,175 points.

In England, the FTSE 100 index rose to 8,557 points with a 0.1 percent gain, and carried its upward streak to the 6th day.

The FTSE 100 index, which had the highest closing of all time with 8,548.29 points yesterday, tested the record level with 8,566.72 points after the opening today.

In Italy, the MIB 30 index is traded at 36,144 points with a 0.3 percent gain, in Spain, the IBEX 35 index is traded at 11,942 points with a 0.1 percent premium, and in France the CAC 40 index is traded at 7,778 points with a 0.1 percent gain.

A mixed course stands out in global markets, as question marks regarding the possible effects of the trade tariffs that Donald Trump, who became the president of the United States, stated that he will impose on the economy, increased the risk perception.

On the other hand, the session at the World Economic Forum (WEF) today, which European Central Bank (ECB) President Christine Lagarde will attend, is being closely followed by investors.

Lagarde’s speech will seek signals regarding the financial policies to be followed after the new US administration takes office in the countries of the region, where recession concerns are currently prevalent.

Analysts stated that in addition to the speech of ECB President Lagarde in the Eurozone today, the leading indicators index in the USA will be followed.