Bourses in Euroland closed with gains

FXStreet (Edinburgh) - Equities in the Old Continent started the week on the right footing. Stock markets were buoyant on the outcome of the EU-Parliament elections over the weekend and the prospects of further easing by the ECB in next week’s meeting. While markets in the UK were closed due to a bank holiday, the German DAX was the outperformer, up 1.28% and followed by the IBEX35, 1.22% and the CAC40, 0.75%. The broader Stoxx600 gained 0.56%.

The EUR/USD is also marching south on Monday, currently hovering over session highs in the 1.3645/50 band, although restrained to an unusual narrow range.

In the commodities front, the ounce troy of gold retreated 0.18% at $1,292 while the ounce troy of gold advanced 0.42% around $104.20.