3 Sep 2013
European bourses opened mixed, EUR in 6-week lows
FXstreet.com (Edinburgh) -European stock markets opened in a mixed tone on Tuesday, with the deal between Nokia (NOK) and Microsoft Corp. (MSFT) taking centre stage and boosting investors’ sentiment. Markets left behind Monday’s euphoria after a delayed US attack on Syria and opted for a more cautious tone. The single currency intensifies its weekly decline, dragging the EUR/USD to fresh 6-week lows in the vicinity of 1.3160 ahead of the US ISM Manufacturing due later (54.5 expected). The IBEX35 and FTSE100 are advancing0.29% and 0.14%, respectively while the DAX is down 0.05% followed by the CAC40, 0.23%.
Positive data from the manufacturing sector in Euroland and China boosted Asian markets on Tuesday. The NIKKEI225 advanced almost 3% on a weaker yen, as the risk aversion receded some ground after a somewhat calmer Syrian front. Both the Shanghai and the Hang Seng followed suit, advancing 1.18% and 0.99%, respectively.
Positive data from the manufacturing sector in Euroland and China boosted Asian markets on Tuesday. The NIKKEI225 advanced almost 3% on a weaker yen, as the risk aversion receded some ground after a somewhat calmer Syrian front. Both the Shanghai and the Hang Seng followed suit, advancing 1.18% and 0.99%, respectively.