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14 Aug 2015
European stocks cheer Greek vote passage, EZ data on tap
FXStreet (Mumbai) - European indices extended gains from the previous session on Friday, as markets digest slightly better German GDP print and the latest progress on the Greece front. Still, indices are headed for a huge weekly slump.
However, the gains remain capped as the European traders remain cautious awaiting the outcome from Euro group’s meeting over Greece 3rd bailout approval scheduled later this session. While a set of crucial data releases – EZ CPI and GDP figures are also investors’ mind.
The German benchmark, the DAX leads the European indices higher with the utility company RWE losing for the second straight session, -1.80% while K + S was the top performer, gaining 1.28%. Weaker EUR/USD near 1.11 handle also boosted the export-oriented stocks.
Meanwhile, Germany's DAX 30 index trades 0.63% at 11,080 while the UK benchmark FTSE 100 also trades 0.34% lower at 6,590. Among the other indices, the French CAC 40 index loses 0.53% to 5,012, and the pan-European Euro Stoxx 50 is up 0.60% to 3,537.
However, the gains remain capped as the European traders remain cautious awaiting the outcome from Euro group’s meeting over Greece 3rd bailout approval scheduled later this session. While a set of crucial data releases – EZ CPI and GDP figures are also investors’ mind.
The German benchmark, the DAX leads the European indices higher with the utility company RWE losing for the second straight session, -1.80% while K + S was the top performer, gaining 1.28%. Weaker EUR/USD near 1.11 handle also boosted the export-oriented stocks.
Meanwhile, Germany's DAX 30 index trades 0.63% at 11,080 while the UK benchmark FTSE 100 also trades 0.34% lower at 6,590. Among the other indices, the French CAC 40 index loses 0.53% to 5,012, and the pan-European Euro Stoxx 50 is up 0.60% to 3,537.