European markets start higher

European markets start higher

On Thursday, European markets started mostly higher because market participants generally neglected worries over North Korea. Instead, they closely watched euro zone inflation data to be issued later in the day.

The EURO STOXX 50 headed north 0.21%, Germany’s DAX 30 rallied 0.27% and France’s CAC 40 tacked on 0.08%.

Financial markets demonstrated little reaction after on Wednesday North Korean told that it had successfully tested a new type of intercontinental ballistic missile reportedly capable of reaching the American mainland.

As for financial stocks, they mostly rallied because French lender Societe Generale jumped 0.09%, Germany's Deutsche Bank along with Commerzbank soared 0.65% and 1.029% respectively.

Italy's Intesa Sanpaolo as well as Unicredit inched up respectively 0.07% and 0.41%, while Spanish financial institutions Banco Santander and also BBVA earned respectively 0.39% and 0.15%.

FTSE 100 lost 0.40% in London.


Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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