European stocks after new record highs in US

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - European stocks advanced for a second day, following fresh highs in US markets and a 3-year high for Asian stocks, as investors await the next series of economic data.



The Stoxx Europe 600 rose 0.30% to 345.91, after gaining 0.9% Tuesday, the most since May 8. Among country-specific indexes, UK FTSE 100 climbed 0.16%. Germany's DAX 30 gained 0.27% and France’s CAC 40 was little changed. The Spain’s Ibex 35 was up 0.09% and Italy’s FTSE MIB rose 0.49%.



Today data includes Eurozone GDP and the US ADP employmente report ahead of tommorrow’s ECB decision and the US nonfarm payrolls.



In the FX market, the USD trades mixed across the board, with the GBP as the tp performer. The Cable printed a fresh 6-year high of 1.7175 after a solid UK construction PMI. EUR/USD was dragged by EUR/GBP and trades down 0.12% at 1.3660.



As for commodities, gold and oil were nearly flat at $1326 an ounce and $105.34 a barrel respectively.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EURUSD Running Out of Steam On the Hint of Negative Divergence

  2. Forex News

    Forecast: Will Dollar and Equity Declines Evolve into Reversals?

  3. Forex News

    British Pound Forecast to Trade Higher on Fundamental Strength

  4. Forex News

    Video: Risk Reversal a Greater Danger Than Dollar Tumble Next Week

  5. Forex News

    GBP/USD: Preview of a key week next week

Trading Center