European stocks open with sharp gains as concerns ease

By FXstreet.com | August 18, 2014 AAA

FXStreet (Córdoba) - European stocks advanced sharply Monday, with indexes up more than 1% in early trade, as risk appetite rises amid easing concerns over Ukraine and Iraq.



The Stoxx Europe 600 rose 1.14% at 333.47, after gaining 1.5% last week. As for country-specific indexes the UK FTSE 100 was up 0.68%. Germany’s DAX 30 gained 1.49% while the France’s CAC 40 advanced 1.32%. Spain’s Ibex 35 climbed 1.09% and Italy’s FTSE MIB rose 1.25%.



There is no much to note in terms of economic data, with only Eurozone trade balance figures scheduled for the European session.



In the FX market, majors remain within familiar ranges, with the dollar a tad higher versus the euro and the yen.



As for commodities, gold dipped 0.32% to $1,302 an ounce, while crude oil fell 0.81% to $96.56 a barrel.



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