FXStreet (Córdoba) - European stocks opened lower Wednesday, tracking Asian equities losses as tensions in Ukraine weighed on risky assets. Weaker-than-expected German data added pressure.

The Stoxx Europe 600 fell 0.62% to 330.12. As for country-specific indexes Germany’s DAX 30 dropped 0.74% while the France’s CAC 40 lost 0.36%. The UK FTSE 100 shed 045%. Meanwhile, Italy’s FTSE MIB fell 0.74% while Spanish Ibex 35 was down 0.61%.

Stocks on Wall Street and Asia, slumped on reports Russia has considerably increased the number of troops at its eastern border with Ukraine.

From the data front, German factory orders unexpectedly fell by 3.2% in June versus a 1.0% rise expected. During the New York session, the US will release June trade balance figures.

In the FX space, the USD is mixed, having given up gains versus European rivals after the EUR/USD hit a fresh 2014 low on the back of German data. The USD/JPY is little changed around 102.50 while the AUDis outperforming. On the other hand, the NZD is sharply lower after disappointing domestic jobs figures.

As for commodities, gold rose 0.58% to $1,292 an ounce, while crude oil gained 0.25% to $97.62 a barrel.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD: Year-end forecast of 1.05 despite Grexit risk - JPMorgan

  2. Forex News

    EUR/USD: Caution! Big volatility on Greek referendum

  3. Forex News

    EUR/USD: 'Grexit' worth 5 to 10 cents of maximum downside - JPMorgan

  4. Forex News

    Euro Plunges as Greece Rejects EU Debt Deal at Referendum

  5. Forex News

    Yen surges in inter-bank trade as Greeks vote 'No'

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!