A positive trend is observed in European stock markets, except for Spain.
After the opening, the Stoxx Europe 600 indicator index increased by 0.3 percent to 522.4 points, the DAX 40 index in Germany increased by 0.2 percent to 19,247 points, and the FTSE 100 index in England increased by 0.5 percent to 8,315 points.
In Italy, the MIB 30 index is at 33,849 points, with a 0.2 percent increase, and in France, the CAC 40 index is at 7,607 points, with a 0.4 percent increase. In Spain, the IBEX 35 index is trading at 11,660 points with a loss of 0.1 percent.
While global markets are following a mixed course due to the escalating tension in the Middle East, the ADP private sector employment data to be announced in the USA today has become the focus of investors.
Question marks regarding the status of the conflicts in the Middle East and whether the fight against inflation around the world will result in a recession continue to dampen the risk appetite.
On the macroeconomic data side, falling energy prices yesterday reduced the inflation rate in the Eurozone in September to the lowest level in the last three years. Prices of goods and services in the region increased by an average of 1.8 percent compared to the same month last year.
Analysts pointed out that annual inflation in the Eurozone remained below the 2 percent target, which the European Central Bank (ECB) sees as ideal for the Eurozone economy in the medium term, for the first time in more than 3 years.
Stating that the signals received from the data announced yesterday increased the expectations that the ECB will continue to loosen the monetary policy and reduce the policy interest rate again in October, analysts noted that the unemployment rate from the Eurozone will be followed today, as well as the ADP Private Sector Employment data in the USA.