9 Jul 2014
European stocks recover after 3 days of losses
FXStreet (Córdoba) - European stocks are taking a breather Wednesday, snapping a 3-day losing streak, as investors await the release of the FOMC minutes later on the day.
The Stoxx Europe 600 was up 0.1% at 340.33. The index posted a 1.4% drop Tuesday, the biggest fall in 4 months. Among country indexes, UK FTSE 100 was down 0.36%. Germany's DAX 30 rose 0.07% and France’s CAC 40 climbed 0.04%. Italy’s FTSE MIB gained 0.88% while Spain’s Ibex 35 added 0.58%.
In the macroeconomic domain, the Federal Reserve will release the latest meeting minutes during the American afternoon, which will attract market’s attention.
In the FX market, majors remain steady in familiar ranges. The GBP/USD trades a tad lower at 1.7110, and the Kiwi outperforms after Fitch revised New Zealand outlook to positive from stable. The NZD/USD reached a 3-year high of 0.8815.
As for commodities, gold was up 0.62% at $1324 an ounce while crude oil was nearly flat at $103.38 a barrel. US futures were little changed.
The Stoxx Europe 600 was up 0.1% at 340.33. The index posted a 1.4% drop Tuesday, the biggest fall in 4 months. Among country indexes, UK FTSE 100 was down 0.36%. Germany's DAX 30 rose 0.07% and France’s CAC 40 climbed 0.04%. Italy’s FTSE MIB gained 0.88% while Spain’s Ibex 35 added 0.58%.
In the macroeconomic domain, the Federal Reserve will release the latest meeting minutes during the American afternoon, which will attract market’s attention.
In the FX market, majors remain steady in familiar ranges. The GBP/USD trades a tad lower at 1.7110, and the Kiwi outperforms after Fitch revised New Zealand outlook to positive from stable. The NZD/USD reached a 3-year high of 0.8815.
As for commodities, gold was up 0.62% at $1324 an ounce while crude oil was nearly flat at $103.38 a barrel. US futures were little changed.