European stocks bounce after 2 daily losses

By FXstreet.com | June 17, 2014 AAA

FXStreet (Córdoba) - European markets opened higher Tuesday, following 2 days of losses, with indexes holding onto gains even after mixed ZEW German.



The Stoxx Europe 600 climbed 0.37% to 346.80, after falling 0.5% the previous day amid escalating violence in Iraq. Among country-specific indexes, the UK FTSE 100 gained 0.28% and the Germany's DAX 30, rose 0.84% as the top-performer. The France’s CAC 40 climbed 0.52%. Italy’s FTSE MIB was up 0.72% while Spain’s IBEX 35 advanced 0.70%.



In the FX market, majors remain within recent ranges, with the GBP and the AUD underperforming. The AUD/USD fell to a 1-week low after the RBA said record low rates could be needed for some time, while the GBP was pressured by softer-than-expected CPI numbers.



Elsewhere, commodities are correcting after important gains, with gold down 0.82% at $1,265 an ounce and crude oil easing from 9-month highs at $106.24 a barrel, down 0.62% Tuesday.



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