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3 Jun 2014
European markets broadly lower ahead of economic data
FXStreet (Córdoba) - European stocks were little changed early trade Tuesday as investors cautiously await Eurozone CPI and unemployment data, which could fuel expectations of more easing measures by the ECB two days before its June meeting.
The Stoxx Europe 600 index lost 0.16% to 344.52, almost erasing previous day’s gains. The UK’s FTSE 100 index fell 0.26%, while Germany's DAX 30 index dropped 0.15% and the France's CAC 40 index 0.08%. The Italy’s FTSE MIB lost 0.10% while on the other hand the Spain’s Ibex 35 rose 0.35%.
As for commodities, crude oil steadied around $102.00 a barrel following previous sessions’ fall, while gold recovered slightly to trade back above $1246 an ounce.
FX market remains broadly quiet, with the Australian dollar outperforming following RBA decision to leave policy unchanged and maintaining a neutral tone.
The Stoxx Europe 600 index lost 0.16% to 344.52, almost erasing previous day’s gains. The UK’s FTSE 100 index fell 0.26%, while Germany's DAX 30 index dropped 0.15% and the France's CAC 40 index 0.08%. The Italy’s FTSE MIB lost 0.10% while on the other hand the Spain’s Ibex 35 rose 0.35%.
As for commodities, crude oil steadied around $102.00 a barrel following previous sessions’ fall, while gold recovered slightly to trade back above $1246 an ounce.
FX market remains broadly quiet, with the Australian dollar outperforming following RBA decision to leave policy unchanged and maintaining a neutral tone.