Bourses opened higher after FOMC, EUR falls

FXstreet.com (Edinburgh) -The main indices in the Old Continent are advancing on Thursday on upbeat data from China and despite the hawkish tone from Wednesday’s FOMC minutes. Market participants will remain cautious however ahead of the manufacturing and services PMI prints due in the 17-nation bloc as well as the labour market report and Markit PMI in the US economy. The single currency continues to surrender recent gains, pushing the EUR/USD to test weekly lows in the area of 1.3320/15. The IBEX35 is up 0.41%, followed by the CAC40, 0.22% and the FTSE100, 0.10%.

Markets in Asia closed in red after Chinese manufacturing PMI improved beyond expectations, helping indices to trim deeper pullbacks after FOMC minutes. The NIKKEI225 dropped 0.44% followed by the Hang Seng, 0.25% and the Shanghai index, down 0.29%.