European stock markets open lower parel

European stock markets started the day with sellers.

After the opening, the Stoxx Europe 600 benchmark index decreased by 0.41 percent to 442.1 points, and the DAX 40 index in Germany decreased by 0.23 percent to 14,456 points.


In the UK, the FTSE 100 index decreased by 0.31 percent to 7,535 points, in France the CAC 40 index decreased by 0.47 percent to 6,722 points, in Spain the IBEX 35 index decreased by 0.43 percent to 8,372 points, and in Italy the MIB 30 index was 0 percent. It is watching 24,608 points with a loss of .31 depreciation.

The euro/dollar parity, which carried its upward trend for the third day in a row, reached 1.0540 today and tested its highest level since June 28. The pair is currently trading at 1.0530, just above its previous close.

Analysts said that although the US Federal Reserve (Fed) Chairman Jerome Powell’s statements pointing to a slowdown in interest rate hikes in December increased the risk appetite, the data to be announced gained importance as the uncertainties regarding the monetary policy tightening process continued.

Analysts stated that the slowdown in inflation in Europe after a long time relieved the region, albeit to a limited extent, and said that the European Central Bank (ECB) is expected to raise interest rates by 75 basis points this month.



Analysts stated that the data in the US employment report, which will be announced today, is in the focus of investors, and noted that the Producer Price Index (PPI) in the Euro Area also stands out on the data agenda.

On the other hand, according to the data released today, the foreign trade surplus in Germany exceeded expectations with 6.9 billion euros in October.


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