European stocks fall after new Russia sanctions

By FXstreet.com | July 17, 2014 AAA

FXStreet (Córdoba) - European stocks retreated Thursday as Ukraine tensions come back into focus after the US and the European Union announced a new round of sanctions on Russia.



The Stoxx Europe 600 fell 0.41% to 341.51, after recording the biggest percentage gain since April the previous day. Among country-specific indexes, UK FTSE 100 fell 0.30%. Germany's DAX 30 shed 0.35% and France’s CAC 40 dipped 0.39%. Italy’s FTSE MIB dropped 0.92% while Spain’s Ibex 35 lost 0.60%.



On the macroeconomic domain, the Eurozone will release June consumer price index, while the US will report jobless claims and housing data later on the day.



The US and the European Union each imposed sanctions on Russian banks, energy companies and defense firms in a new attempt to pressure the country to stop interfering in Ukraine.



In the FX market, the US dollar trades slightly across the board with the main exception of the yen in a risk averse environment.



As for commodities, gold rose 0.32% to $1303.90 an ounce while crude oil gained 0.83% to $102.04 a barrel.



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