European stock exchanges is on the rise excluding the UK

European stock exchanges completed the last trading day of the week with an increase, except for the UK

While the uncertainties about the monetary policies of central banks in the markets continued to affect asset prices, the European stock exchanges closed with an increase except for the U.K.

While macroeconomic data releases in the U.S. continued to give mixed signals, money markets are pricing in a 35% probability that the U.S. Federal Reserve (Fed) will start cutting interest rates in March.

The number of first-time jobless claims rose to 224,000 in the week ending January 27, exceeding expectations.

The Bank of England (BoE) left its policy rate unchanged at %5.25 yesterday, the highest level in 15 years, in line with expectations.

BoE Governor Andrew Bailey stated that the Bank was not yet at a point where it could take a step to cut the policy rate and did not want to speculate on a rate cut.

At the close, the benchmark index Stoxx Europe 600 rose %0.01 to 483.93 points.

The CAC 40 index in France gained %0.05 to 7,592.26 points.

In Germany, the DAX index closed at 16,918.21 points, up %0.35.

In Italy, the FTSE MIB 30 index closed at 30,717.95 points, up %0.09.

On the other hand, the FTSE 100 index in the UK decreased by %0.09 t to 7,615.54 points.

The euro/dollar parity is hovering at 1.079 levels with a decrease of %0.773 as of 20.38 TSI.

Source: Newsroom & Anadolu Agency