IBEX 35, Dax, FTSE 100 Stock Indices Set Records as Central Banks Signal Easing Ahead

Despite a comparatively calm session, the market showed definite direction, with the FTSE, DAX, and Spain's Ibex setting new European...

The Ibex was soaring high today

Quick overview

  • Spain's Ibex 35 led European markets, reaching an all-time high amid improved consumer sentiment.
  • The Reserve Bank of Australia cut interest rates by 25 basis points, citing concerns over slowing domestic demand.
  • Canada's inflation showed signs of cooling, bolstering expectations for a potential rate cut by the Bank of Canada.
  • European Central Bank officials expressed cautious views on interest rate cuts, reflecting divisions within the bank.

Despite a comparatively calm session, the market showed definite direction, with the FTSE, DAX, and Spain’s Ibex setting new European records.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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