European stocks ex-London drop ahead of US data, Fed Yellen

The European stocks started-off the day on a shaky ground and now edges southwards amid cautious trading activity, as attention now turns towards the crucial economic releases from the US economy and Fed Chair Yellen’s testimony, which will drive markets in the upcoming sessions.

Moreover, most European indices were also negatively affected by mixed Eurozone CPI figures, as all eyes remain on the ECB monetary policy meeting accounts due ahead of the US open.

However, the London stocks appear to buck the trend and trade moderately higher, on the back of a pick-up in commodities, which offers some support to the commodities-heavy FTSE index. While upbeat UK retail sales data also lift the investors’ moods.

Meanwhile, Germany's DAX 30 index trades -0.50% lower around 10,610 levels, while the UK's FTSE 100 index rises +0.18% to 6,760. Among the other indices, the French CAC 40 index drops -0.16% to 4,493, while the pan-European Euro Stoxx 50 index loses -0.38% to trade just ahead of 3,000 mark.

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