European markets mixed, earnings boost FTSE 100

By FXstreet.com | July 29, 2014 AAA

FXStreet (Córdoba) - European stocks were from little changed to slightly lower Tuesday with the main exception of the UK benchmark which was boosted by solid BP PLC profit.



The Stoxx Europe 600 fell 0.09% to 341.00. As for country-specific indexes Germany’s DAX 30 dipped 0.10% while the France’s CAC 40 lost 0.18%. The UK FTSE 100 rose 0.13% and was on track for its first gain in 3 days.



During the European session, in line with expectations German import price data failed to inspire traders. Focus turns now to US consumer confidence and the S&P/Case-Shiller home price index.



In the FX space, the USD is a tad firmer across the board, still within familiar ranges. The EUR/USD and the GBP/USD traded little changed at 1.3440 and 1.6975 respectively. The USD/JPY hit a 3-week high of 101.99 but failed to sustain gains.



As for commodities, gold gained 0.60% to $1,313 an ounce, while crude oil was slightly lower at $101.58 a barrel.



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