In Italy, the MIB 30 index is traded at 34,180 points, gaining 0.7 percent in value, in France, the CAC 40 index is traded at 7,356 points, with a 0.2 percent decrease, and in Spain, the IBEX 35 index is traded at 11,542 points, with a 0.4 percent premium.
While global markets followed a mixed course after the elections in the USA, the monetary policy decision that the US Federal Reserve (Fed) will announce this evening has become the focus of investors. The policies that the bank will follow under the Trump presidency are also wondered.
While a mixed trend stands out in the European stock markets on the new trading day, the interest rate decision of the Bank of England (BoE) to be announced today is being closely followed in the region.
While it is certain that the BoE will reduce the policy rate by 25 basis points, the signals from the policy text and BoE Governor Andrew Bailey’s statements are expected to have an impact on asset prices.
On the other hand, after the markets closed yesterday, German Prime Minister Olaf Scholz dismissed the Chairman of the Free Democratic Party (FDP) and Minister of Finance Christian Lindner, and Scholz announced that he would ask for a vote of confidence from the Federal Assembly on January 15, 2025.
While Germany’s foreign trade surplus for September was below expectations at 17 billion euros, industrial production failed to meet the forecasts, decreasing by 2.5 percent monthly.
Today, in addition to the interest rate decisions of the Fed and BoE, retail sales in the Eurozone, weekly unemployment benefit applications in the USA and wholesale stocks will be followed.
