Stock markets in Europe recorded a slight strengthening on the last day of October this year. The London Stock Exchange was the best performer, with the FTSE 100 index firming by almost one per cent. The Warsaw Stock Exchange strengthened significantly.
Inflationary pressures are starting to ease
The start of the new trading week was marked by the upcoming meeting of the US Federal Reserve. Although investors generally expect a further increase in interest rates of 0.75 %, a more modest rise is not ruled out. Recent data from the US labour market suggested that inflationary pressures were beginning to ease slightly.
Warsaw strengthened by two percent
Investors, however, are betting more on the Federal Reserve raising rates as expected, and so took European stock markets by storm on Monday. The Warsaw Stock Exchange gained the most, by almost two percent. The London Stock Exchange added less than one percent. The Milan stock exchange also recorded significant gains (0.7 percent), while Madrid also rose solidly, with its main index firming by 0.4 percent. As is the pan-European Stoxx 600 index. The Frankfurt Stock Exchange also did well, with growth of around a quarter of a percent.
