The pan-European Euro Stoxx 600 equity index fell 0.15% amid thin volumes ahead of the Christmas day holiday. Markets in the UK, France and the Netherlands are scheduled to close early, while Germany, Switzerland and Italy are shut all day.
Second weekly gain, Up 7% this year
European stocks are heading for a second weekly gain on the back of a rally in the mining and energy shares. The stocks were heading for a worst December since 2002 before the 2.7% rise witnessed yesterday.
The Stoxx 600 has advanced 7% this year through yesterday. Stocks were up 21% earlier this year before falling on multiple concerns – Greek crisis, Chinese slowdown and rout in commodities.
October 21, 2016 EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016 Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016 EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...
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