29 May 2014
European stocks extend the correction
FXStreet (Córdoba) - European indexes opened little changed and then moved slightly lower Thursday, extending a correction that started the previous day and halted a 5-day winning streak.
The Stoxx Europe 600 was nearly flat around 344.00, having pulled back from a 6-year high of 344.80. The benchmark has climbed 1.9% in May supported by ECB Draghi comments about being comfortable with easing monetary policy in June.
As for other indexes, the UK's FTSE 100 rose 0.33%, Germany's DAX 30 fell 0.07% and France's CAC 40 fell 0.24%. The Italian FTSE MIB was down 0.20%, while the Spanish Ibex dropped 0.54%.
In commodity markets, gold extended losses into a fifth consecutive day and hit a 3-month low of $1251 an ounce, while crude oil settled around $102.50 a barrel after plunging from near $104.00 the previous day.
In the FX market, the USD trades little changed near recent highs against the EUR, the GBP and the CHF but is lower versus the JPY and the AUD among majors.
The Stoxx Europe 600 was nearly flat around 344.00, having pulled back from a 6-year high of 344.80. The benchmark has climbed 1.9% in May supported by ECB Draghi comments about being comfortable with easing monetary policy in June.
As for other indexes, the UK's FTSE 100 rose 0.33%, Germany's DAX 30 fell 0.07% and France's CAC 40 fell 0.24%. The Italian FTSE MIB was down 0.20%, while the Spanish Ibex dropped 0.54%.
In commodity markets, gold extended losses into a fifth consecutive day and hit a 3-month low of $1251 an ounce, while crude oil settled around $102.50 a barrel after plunging from near $104.00 the previous day.
In the FX market, the USD trades little changed near recent highs against the EUR, the GBP and the CHF but is lower versus the JPY and the AUD among majors.