European stock markets open with decline

European stock markets opened with a decline.

After the opening, the Stoxx Europe 600 benchmark index decreased by 0.27 percent to 439.5 points, and the DAX 40 index in Germany decreased by 0.45 percent to 14,476 points.


In the UK, the FTSE 100 index decreased by 0.51 percent to 7,448 points, in France the CAC 40 index decreased by 0.19 percent to 6,699 points, in Spain the IBEX 35 index decreased by 0.35 percent to 8,387 points, and in Italy the MIB 30 index was 0 percent. It is watching 24,584 points with a loss of .55.

The euro/dollar parity is currently trading at 1.0380, 0.2 percent below its previous close.

Analysts said that global stock markets started the new week negatively as protests against the “zero Kovid-19” policy in China spread across the country.

Stating that the fight against inflation continues to be the main agenda item in Europe, analysts emphasized that developments in China, one of the most important trade partners of the countries in the region, are closely followed.

Reminding that the European Central Bank (ECB) officials will continue their verbal guidance this week, analysts noted that the expectation that the bank, which is amid recession and inflation risks, will raise interest rates by 75 basis points at the next meeting, remains strong.


Stating that the Dallas Fed manufacturing activity index is prominent in today’s data agenda, analysts stated that the speech of ECB President Christine Lagarde will also be followed.


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