European stocks open the week higher

By FXstreet.com | July 28, 2014 AAA

FXStreet (Córdoba) - European stocks opened a tad firmer Monday, following 2 weeks of gains, as investors gear up for a week loaded with economic events.



The Stoxx Europe 600 rose 0.20% to 342.66. The index gained 0.7% last week, advancing for the second week in a row. As for country-specific indexes Germany’s DAX 30 gained 0.2% while the France’s CAC 40 climbed 0.6%.



There is not much of note in terms of economic data during the European session so investors will focus on US Services PMI and home sales.



In the FX space, the USD is taking a breather following last week’s rally with most pairs trading within narrow ranges.



As for commodities, gold was nearly flat at $1,305 an ounce, while crude oil dropped 0.42%to $101.65 a barrel.



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