Balkans | European stock markets open higher

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Balkans |  European stock markets open higher

European stock markets started today with a profitable cycle.

After the opening, the Stoxx Europe 600 rose 0.4 percent to 458.3 points, while Germany’s DAX 40 rose 0.2 percent to 15,554 points.

In the United Kingdom, the FTSE 100 index rose 0.5 percent to 7,703 points, the CAC 40 index in France increased 0.2 percent to 7731 points, the IBEX 35 index in Spain 9277 points, an increase of 0.2 percent, and the MIB30 index in Italy It was 0 percent, standing at 27,053 points with a gain of 0.7.

The euro/dollar pair is currently at 1.0910, just above its previous close.

Analysts stated that the “tough” steps taken by the US Federal Reserve (Fed) in combating inflation had an impact on the country’s economy with indications of a slowdown in the labor market, and they said that concern about entering the US economy could reinforce recession.

Analysts said that while inflation expectations have slowed in Europe, economic activity continued to maintain its strength, adding that the European Central Bank is expected to raise interest rates by 25 basis points at its meeting next month.

On the other hand, according to the data released today, industrial production in Germany exceeded expectations with an increase of 2 percent on a monthly basis in February.


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