European stock markets are experiencing a bullish trend. The Stoxx Europe 600 index is up 0.6% at 505.5 points, Germany's DAX 40 index is up 0.6% at 19,263 points, and the UK's FTSE 100 index is up 0.6% at 8,203 points.
In Italy, the MIB 30 index is up 0.4% at 33,417 points, France's CAC 40 index is up 0.4% at 7,242 points, and Spain's IBEX 35 index is trading up 0.3% at 11,648 points. In European stock markets, attention has turned to the speech by European Central Bank (ECB) President Christine Lagarde today, as well as the data to be released in the region. THE UK'S STANCE COULD BE DECISIVEAccording to the macroeconomic data released today in the region, Germany's Gross Domestic Product (GDP) increased by 0.1% on a quarterly and annual basis, falling short of expectations. In Germany, the manufacturing Purchasing Managers' Index (PMI) for November exceeded expectations at 43.2, while the services PMI was at 49.4 and the composite PMI was at 47.3, both below expectations. In the UK, retail sales fell by 0.7% in October. The retail sales figures for September have also been updated. Accordingly, September retail sales were revised downward from the previously announced growth of 0.3% to 0.1%. Analysts stated that alongside economic data in Europe, the mention of the UK in relation to the ongoing geopolitical tensions has created unease among investors, and this situation could affect future actions.
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