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European stock markets open with gains except Spain

European stock markets started the day with a rise, excluding Spain.

After the opening, the Stoxx Europe 600 index increased by 0.1 percent to 437.50 points, while the DAX 40 index in Germany increased by 0.27 percent to 14,345 points.

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The FTSE 100 index in the UK is at 7,451 points with a premium of 0.09 percent, the CAC 40 index in France is at 6,660 points with a gain of 0.13 percent, the IBEX 35 index in Spain is at 8,237 points with a decrease of 0.26 percent, and the MIB 30 index in Italy It is watching 24,372 points with an increase of 0.27 percent.

The euro/dollar parity is trading at 1.0550, 0.2 percent above the previous close.

Analysts said that the cautious course prevailing in foreign stock markets before the US Federal Reserve’s (Fed) interest rate decision tomorrow is expected to be replaced by activity with the November inflation data to be announced in the US today.

Although it is priced that the European Central Bank (ECB) and the Bank of England (BoE) may reduce the tightening rate to 50 basis points in the meetings to be held on Thursday, it is seen that 75 basis point rate hikes for both banks remain on the table.

 

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The US Federal Reserve, on the other hand, is 75 percent more likely to increase the federal funds rate, which is currently in the 3.75-4.00 percent band, by 50 basis points.

According to the final data released in Germany today, the Consumer Price Index (CPI) in Germany decreased by 0.5 percent monthly in November, in line with the expectations, and increased by 10 percent annually.

In the UK, the unemployment rate remained unchanged at 3.7 percent in November. (AA)

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