European stock markets start the week with a positive trend
European stock markets began weekly trading on a positive note, today, Monday, as most of the major indices recorded increases amid investor caution.
The German DAX index rose by 0.3%, while the French CAC 40 index recorded an increase of 0.8%; According to what was reported by the American network (CNBC).
In the absence of any important announcements about corporate profits or economic data in Europe, traders’ attention was directed to broader global developments, as Geopolitical tensions in the Middle East added a layer of uncertainty after the events in Syria. In addition to the cautious mood in Europe, a new report revealed a sharp decline in business confidence in the United Kingdom to its lowest level since January 2023.
According to data published by the business consulting company BDO, the Optimism Index, a key measure of business sentiment, fell sharply by 5.81 points to 93.49 in November; This represents the largest monthly decline since August 2021. The report indicated that the main reasons for this decline are the rise in operating costs, the decline in the volume of orders, and the ongoing difficulties in the labor market.
And these pressures are worsening. For British companies facing major economic challenges amid an uncertain economic environment, and with continuing concerns about inflation and slow economic growth, this sharp decline in optimism shows the extent of the difficulties facing the business sector in an increasingly difficult environment.
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