European markets fall as Iraq sets cautious tone

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - European stocks slipped Friday as investors adopt a cautious stance amid escalating violence in Iraq, which has sent oil soaring.



The Stoxx Europe 600 dropped 0.1% to 347.41, after closing Thursday little changed, although oil companies gain boosted by crude prices advance.



Among country-specific indexes, the UK FTSE 100 slipped 0.39% and the Germany's DAX 30 fell 0.48%. The France’s CAC 40 shed 0.33%. Italy’s FTSE MIB was down 0.25% while Spain’s IBEX 35 lost 0.35%.



In the FX market, the GBP is among the best performers after BoE Governor Carney said a rate hike "could happen sooner than markets currently expect". The GBP/USD soared after the comments and it’s knocking 1.7000 doors.



Gold edged up 0.06% to $1,275 an ounce, while crude oil skyrocketed 0.95% to a fresh 9-month high of $107.55.



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP
    Forex News

    GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP

  3. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  4. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  5. US Session: The market left shell-shocked on Draghi
    Forex News

    US Session: The market left shell-shocked on Draghi

Trading Center