European stock markets started the new trading day with a negative trend.
After the opening, the Stoxx Europe 600 indicator index decreased by 0.3 percent to 517.3 points, the DAX 40 index in Germany decreased by 0.3 percent to 19,937 points, and the FTSE 100 index in England decreased by 0.1 percent to 8,257 points.
In Italy, the MIB 30 index is traded at 34,655 points with a 0.1 percent decrease, in France the CAC 40 index is traded at 7,471 points with a 0.4 percent loss, and in Spain the IBEX 35 index is traded at 11,802 points with a 0.3 percent decrease.
In global markets, the signals received from the macroeconomic data announced in the USA, the cautious attitude of investors in the intensifying balance sheet period and the mixed course before the general elections to be held in Japan this market stand out.
Signals from macroeconomic data in European stock markets feed recession concerns.
While the increase in demand for Renault models on the corporate side had a positive impact on the company’s third quarter balance sheet, the company’s shares closed the day with a 4.7 percent increase.
The third quarter balance sheet of the British bank Barclays was also better than expectations, and the company’s shares rose by more than 4 percent.
While signals are being sought from the verbal guidance of the European Central Bank (ECB) members regarding the rate of interest rate reduction of the bank, ECB Member Martins Kazaks, who made a statement yesterday, said that the authorities will evaluate a number of options in the upcoming meetings, including keeping interest rates at the same level and making larger cuts. .
While it seems certain that the ECB will cut interest rates by 25 basis points at the December meeting, according to the pricing in the money markets, the possibility of 50 basis points is also included in the pricing.
Today, the Ifo business confidence index in Germany, durable goods orders in the USA and the University of Michigan consumer confidence index will be followed.
