European stock markets closed the week with a decline

European stock markets closed down on the last trading day of the week

European stock markets said goodbye to the last trading day of the week with a close. At the close, the benchmark index Stoxx Europe 600 rose by 0.84% to 506.55 points.

The FTSE 100 index in the UK lost 0.81% to 7,911.16 points, while the DAX 40 index in Germany fell 1.14% to 18,175.04 points.

The CAC 40 index in France fell by 1.11% to 8,061.31 points and the FTSE MIB 30 index in Italy lost 1.29% to 34,010.88 points.

The euro/dollar parity was traded at 1.084 as of 20.31 Türkiye time.

While the negative trend in global markets, which started after the US Federal Reserve (Fed) officials’ verbal guidance that the bank may cut interest rates less than expected, continued, according to data released today in the US, non-farm payrolls increased by 303,000 people in March, exceeding expectations, while the unemployment rate fell to 3.8% from 3.9%.

German Federal Statistical Office (Destatis) announced provisional factory orders data for February.

Accordingly, orders for products manufactured in the country increased by 0.2% in February, while they decreased by 10.6% yoy. Market expectations for factory orders were for a monthly increase of 0.8%.

Destatis revised January factory orders data, which was previously announced as 11.3% decline with preliminary data, to 11.4% decline with final data. Factory orders in the country had increased by 12% in December 2023.

Source: Newsroom