European stock markets on positive trend

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European stock markets on positive trend

European stock markets started the last trading day of the week with a buying-heavy trend, while the MIB 30 index in Italy diverged negatively. European stock markets on a positive trend Following the opening, the Stoxx Europe 600 indicator index is trading at 497.9 points, gaining 0.3 percent, while the DAX 40 index in Germany is trading at 17,685 points, up 0.1 percent. The FTSE 100 index in the UK is trading at 8,160 points, up 0.2 percent, the MIB 30 index in Italy is down 0.1 percent, at 31,690 points, the CAC 40 index in France is up 0.2 percent, at 7,260 points, and the IBEX 35 index in Spain is up 0.2 percent, at 10,570 points. The euro/dollar parity, which closed the day flat at 1.0919 yesterday, is currently trading at 1.0930, up 0.1 percent. Analysts stated that global stock markets are moving positively as concerns about a recession wane following the decline in unemployment claims announced in the US yesterday. Analysts stated that mixed signals from macroeconomic data released in Europe continue to cause concerns about economic activity in the region, and that it is almost certain that the European Central Bank (ECB) will cut interest rates next month.