Business is booming.

European stock markets remain positive

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Following the opening, the Stoxx Europe 600 indicator index increased by 1.4 percent to 447, while the DAX 30 index in Germany increased by 1.9 percent to 14,241 points.

FTSE 100 index in England increased by 1.3 percent to 7,589 points, CAC 40 index in France increased by 2 percent to 6.521 points, IBEX 35 index increased by 1.4 percent in Spain and 8,619 points in Italy. The MIB 30 index stands at 24,315 with a premium of 1.7 percent.

Despite the fact that the US Federal Reserve (Fed) increased the policy rate by 50 basis points, a positive course is followed in the global markets, with the aggressive hawkish tone being abandoned in the decision text and Jerome Powell’s statements before the meeting.

On the other hand, in Europe, eyes were turned to the BoE meeting to be held today, while the strong buying seen in the US stock markets yesterday was reflected in the European stock markets in the new day.

While it is predicted that the BoE will increase the policy rate by 25 basis points to 1 percent, uncertainties regarding balance sheet reduction continue.

Analysts stated that BoE was priced to increase interest rates by 50 basis points until the last days, but the expectation decreased to 25 basis points due to the macroeconomic data announced in the country.

Analysts noted that the bank is expected to start shrinking its balance sheet before the end of the year, however, and that the roadmap for the subject could be announced at a random meeting.

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