European stocks open lower with central banks in sight

By FXstreet.com | Updated August 20, 2014 AAA

FXStreet (Córdoba) - European stocks opened lower Wednesday, after the biggest 2-day gain since April, as investors turned cautious ahead of the BoE and the FOMC minutes to be released later today.



The Stoxx Europe 600 fell 0.19% at 334.85. As for country-specific indexes the UK FTSE 100 was down 0.29%. The index snapped a 5-day winning streak at the open on Wednesday as investors await the BoE minutes for hints on the first rate hike.



Germany’s DAX 30 lost 0.39% while the France’s CAC 40 fell 042%. Spain’s Ibex 35 shed 0.22% while Italy’s FTSE MIB dropped 0.28%.



Aside of central banks minutes, there is no first-tier data scheduled for the day, with the Eurozone reporting construction output.



In the FX space the dollar trades higher, with the EUR/USD having broken below the 1.3300 level.



As for commodities, gold lost 0.16% to $1,294 an ounce, while crude oil climbed 0.73% to $95.21 a barrel.



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