FXStreet (Córdoba) - European stocks advanced for a second session Monday as risk aversion and Portuguese banks concerns recede.



The Stoxx Europe 600 rose 0.55% to 338.71. The index retreated 3.2% last week, the most since March 14. Among country-specific indexes, UK FTSE 100 gained 0.49%. Germany's DAX 30 climbed 0.53% and France’s CAC 40 added 0.52%. Italy’s FTSE MIB rose 0.69% while Spain’s Ibex 35 advanced 0.67%.



On the macroeconomic domain, the Eurozone will release May industrial production figures while ECB President Draghi will speak before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Strasbourg, France.



In the FX market, the US dollar came under pressure at the beginning of the European session following a quiet start in Asia. The EUR/USD rose to the 1.3640 area, while GBP/USD hit a daily high of 1.7128. The USD/JPY climbed to 101.52.



As for commodities, gold fell 1.07% to $1323 an ounce while crude oil dropped 0.50% to $100.34 a barrel. US futures point higher.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD Rips into Resistance; Just Shy of July Open

  2. Forex News

    GBP/USD 1.5700 Still of Interest for Resistance

  3. Forex News

    MPC Aug meeting very important - Danske

  4. Forex News

    Greece needs conditions for sustained growth - BBH

  5. Forex News

    GBP/USD hovering around 1.5600, consolidates gains

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!