The expectation that the Fed’s interest rate hikes are coming to an end caused European stock markets to rise on Thursday. Stock indices of the countries in the region continue to gain value since the beginning of the day.
A faster-than-expected slowdown in US consumer inflation strengthened the claims that the Fed could end the rate hike soon after July. However, markets expect the Fed to raise interest rates by 25 basis points at the next meeting.
Negative trade data from China, on the other hand, did not have a significant impact on European markets. The Asian giant’s exports fell at the fastest rate since the onset of Covid in June, while imports bled. Experts think that investors are ignoring the Chinese data, as the focus is on central banks.
Latest Situation in European Markets
Almost all of the stock indices belonging to the largest countries in the region are positive. European markets DAX and CAC rose 0.55% and 0.63%, respectively, since the beginning of 40 days. The British index FTSE 100, which came to the fore the other day, fell behind its competitors with a 0.28% return.
Italy 40, with all 40 shares in it, stands out with an increase of 0.92%. invit40 broke the all-time record by reaching 28,810 points.
Investors will closely monitor data on US producer prices later in the day. The market predicts that the rate of increase in producer prices will continue to decrease.
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