European stocks mixed to start the week

By FXstreet.com | Updated August 04, 2014 AAA

FXStreet (Córdoba) - European stocks were little changed Monday, halting last week's sharp sell-off, as investors welcomed a rescue deal for Portuguese Banco Espirito Santo.



The Stoxx Europe 600 fell 0.26% to 331.02. As for country-specific indexes Germany’s DAX 30 dropped 0.56% while the France’s CAC 40 rose 0.13%. The UK FTSE 100 was flat after opening 0.2% up. Meanwhile, Italy’s FTSE MIB shed 0.05% while Spanish Ibex 35 fell 0.32%.



From the data front, a gauge of Eurozone investors confidence came in below expectations in August, while UK construction PMI fell less than anticipated in July.



In the FX space, the USD is near Friday’s closing levels, consolidating post-nonfarm payrolls losses.



As for commodities, gold rose 0.05% to $1,295 an ounce, while crude oil gained 0.22% to $98.10 a barrel.



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