European stocks rise, still headed for weekly losses

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - European stocks opened higher Friday extending gains into a second day but still down on the week, as investors await data of Eurozone consumer confidence and Germany’s CPI.



The Stoxx Europe 600 rose 0.17% at 342.45. The index has fallen 1.7% this week, weighed by disappointing data on both side of the Atlantic. Among country indexes, UK FTSE 100 gained 0.26%. Germany's DAX 30 climbed 0.26% and France’s CAC 40 advanced 0.37%. Spain’s Ibex 35 and Italy’s FTSE MIB were both up 0.50%.



In the FX market, the USD is shrugging Asian session weakness, although it remains down against the yen after touching a 1-month low of 101.30. The EUR/USD was a tad higher at 1.3623, while the GBP/USD trades nearly flat.



As for commodities, gold and oil were both flat at $1317 an ounce and $105.82 a barrel respectively.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD halts losses at 76.4% Fib level

  2. Forex News

    USD/JPY extends beyond 120

  3. Forex News

    EUR/USD to Find Relief on Dismal ISM Manufacturing- 1.0850 in Focus

  4. Forex News

    GBP/USD dives deep in red below 1.48

  5. Forex News

    SEB: EUR/USD focus remains on 1.0613 – eFXnews

Trading Center