11 Jul 2014
European stocks catch a breath after 5-day losing streak
FXStreet (Córdoba) - European stocks bounce Friday, recovering a tad after a 5-day slump, as risk aversion eased as investors bet the financial troubles of Portuguese Banco Espirito Santo won’t spiral into an euro-area banking crisis.
The Stoxx Europe 600 rose 0.38% at 337.66 The index dropped 1.1% Thursday amid concerns over Espirito Santo International. Among country-specific indexes, UK FTSE 100 gained 0.24%. Germany's DAX 30 climbed 0.13% and France’s CAC 40 added 0.55%. Italy’s FTSE MIB rosel 1.57% while Spain’s Ibex 35 advanced 1.16%.
Not much in the macroeconomic front after Germany and Spain’s CPI came in line with expectations.
As for commodities, gold was nearly flat at 0.44% at $1330 an ounce while crude oil fell 0.40% to $102.52 a barrel. US futures rose.
The Stoxx Europe 600 rose 0.38% at 337.66 The index dropped 1.1% Thursday amid concerns over Espirito Santo International. Among country-specific indexes, UK FTSE 100 gained 0.24%. Germany's DAX 30 climbed 0.13% and France’s CAC 40 added 0.55%. Italy’s FTSE MIB rosel 1.57% while Spain’s Ibex 35 advanced 1.16%.
Not much in the macroeconomic front after Germany and Spain’s CPI came in line with expectations.
As for commodities, gold was nearly flat at 0.44% at $1330 an ounce while crude oil fell 0.40% to $102.52 a barrel. US futures rose.