There is a significant variation in the performance of European stocks, with the FTSE British index leading the way.
The opening of the European stock market on Monday witnessed a distinct divergence in the performance of European stock indices, amid investors' anticipation for the release of inflation data in the UK tomorrow, as well as the final reading of consumer price index inflation in the Eurozone this week.
This comes at a time when investor concerns persist regarding the potential repercussions of the tariffs that the elected President Trump intends to impose on European corporate profits, which are already suffering from high-interest rates and rising labor costs.
In terms of trading performance, the European stock indices at the opening were as follows:
- The EURO STOXX 600 index fell by 0.21% to record 502.02 points.
- The German DAX index declined by about 0.13% to reach 19,182.32 points.
- The French CAC 40 index decreased by 0.1% to record 7,261.57 points.
- The British FTSE 100 index rose by 0.2% to reach 8,080.20 points.
- The Italian FTSE MIB index dropped by about 1.46% to record 33,721.82 points.
- The Spanish IBEX index increased by approximately 0.18% to record 11,657.10 points.