26 Jun 2014
European stocks bounce after 4 days of losses
FXStreet (Córdoba) - European stocks rose Thursday, bouncing from a 4-day losing streak, following Wall Street positive close, as investors await a new series of data to assess the state of US economy.
The Stoxx Europe 600 rose 0.11% at 342.30. The index fell 1.1% Wednesday, the steepest decline since mid-April. Among country indexes, UK FTSE 100 gained 0.0.10%. Germany's DAX 30 and France’s CAC 40 were little changed. Spain’s Ibex 35 was up 0.14% while Italy’s FTSE MIB rose 0.18%.
On Wednesday, US stocks managed to shrug-off a worse-than-expected GDP revision and closed positively.
In the FX market, trading remained largely directionless with majors little changed within familiar range. The EUR/USD was a tad lower around 1.3615, while the GBP/USD has failed to regain the 1.7000 level and trades nearly flat.
As for commodities, gold dropped 0.79% to $1312 an ounce, while crude oil was down 0.05% at $106.45 a barrel.
The Stoxx Europe 600 rose 0.11% at 342.30. The index fell 1.1% Wednesday, the steepest decline since mid-April. Among country indexes, UK FTSE 100 gained 0.0.10%. Germany's DAX 30 and France’s CAC 40 were little changed. Spain’s Ibex 35 was up 0.14% while Italy’s FTSE MIB rose 0.18%.
On Wednesday, US stocks managed to shrug-off a worse-than-expected GDP revision and closed positively.
In the FX market, trading remained largely directionless with majors little changed within familiar range. The EUR/USD was a tad lower around 1.3615, while the GBP/USD has failed to regain the 1.7000 level and trades nearly flat.
As for commodities, gold dropped 0.79% to $1312 an ounce, while crude oil was down 0.05% at $106.45 a barrel.