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1 Jul 2014
European stocks start the quarter higher
FXStreet (Córdoba) - European stocks advanced Tuesday after closing the second quarter with gains, with better-than-expected German employment data offsetting mixed PMIs across the Eurozone.
The Stoxx Europe 600 advanced 0.23% at 342.63. The index gained 2.3% in the second quarter and 4.1% so far this year despite June slump. Among country-specific indexes, UK FTSE 100 climbed 0.44%. Germany's DAX 30 gained 0.10% and France’s CAC 40 rose 0.39%. The Spain’s Ibex 35 was up 0.14% and Italy’s FTSE MIB rose 0.04%.
In the macroeconomic domain, European manufacturing PMIs came in mixed, with Germany and Eurozone’s on the soft side, and France and Spain's on the strong side.
In the FX market, majors steadied after a strong USD month-end selloff that sent the GBP/USD above 1.7100, for the first time in 5 years and took the EUR/USD back above its 200DMA around 1.3670.
As for commodities, gold bounced and rose 0.33% to $1326 an ounce, while crude oil gained 0.42% to $105.82 a barrel.
The Stoxx Europe 600 advanced 0.23% at 342.63. The index gained 2.3% in the second quarter and 4.1% so far this year despite June slump. Among country-specific indexes, UK FTSE 100 climbed 0.44%. Germany's DAX 30 gained 0.10% and France’s CAC 40 rose 0.39%. The Spain’s Ibex 35 was up 0.14% and Italy’s FTSE MIB rose 0.04%.
In the macroeconomic domain, European manufacturing PMIs came in mixed, with Germany and Eurozone’s on the soft side, and France and Spain's on the strong side.
In the FX market, majors steadied after a strong USD month-end selloff that sent the GBP/USD above 1.7100, for the first time in 5 years and took the EUR/USD back above its 200DMA around 1.3670.
As for commodities, gold bounced and rose 0.33% to $1326 an ounce, while crude oil gained 0.42% to $105.82 a barrel.