European stocks edged up slightly in early trading on Friday amid fears of European bond yields rising amid official announcements of interest. According to Bloomberg, European Central Bank President Christine Lagarde told eurozone finance ministers at a meeting in Luxembourg on Thursday that a new tool to combat unexplained rises in eurozone bond yields would kick in if borrowing costs for weaker countries rise too quickly. , noting that the tool is aimed at preventing the impact of market volatility on the eurozone countries.
Italian Prime Minister Mario Draghi told reporters on Thursday: The European Central Bank will definitely raise interest rates at a slower pace than the Federal Reserve due to varying economic conditions in the euro area, Reuters reported, saying that the base inflation in the US is much higher than in the euro area.
The Stoxx Europe 600 index rose 0.18% to 403 points at the start of today’s session at exactly 10:08 Beirut time, while the UK FTSE rose 0.11% to 7052 points. The German DAX index rose 0.39% to 13,089 points, while the French CAC index rose 0.13% to 5,895 points.
Source: El Iktisad
