European stock markets closed the day higher

Analysts stated that the balancing effort in the markets continues after the news flow that the US Federal Reserve (Fed) will increase interest rates before and faster than expected, and noted that the speeches of Fed Chairman Jerome Powell and European Central Bank President Christine Lagarde today placed the focus of investors.

In the markets, the consumer price index data (CPI) to be announced tomorrow in the USA and the producer price index (PPI) data to be announced on Thursday will be followed closely.

At the close, the benchmark index Stoxx Europe 600 rose 0.85 percent to 483.10 points.

In the UK, the FTSE 100 index increased by 0.62 percent to 7,491.37 points, in Germany the DAX 30 index increased by 1.11 percent to 15,943.77 points, and in France the CAC 40 index increased by 0.95 percent to 7,183.38 points. In Italy, the FTSE MIB 30 index rose 0.68 percent to 27,540.30, rising by 0.68 percent.

The euro/dollar parity, on the other hand, is trading at 1.136 levels with an increase of 0,33 percent as of 20.00 TSI.

Source: Dünya Gazetesi by

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