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.



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