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European stocks fail to sustain gains

FXStreet (Córdoba) - European stocks turned negative following a positive opening Thursday, extending losses into a fifth consecutive day.

The Stoxx Europe 600 was flat at 344.70 in early trade. The index has declined 0.8% in the last 4 days as it moves away from a 6-year high, with uncertainty over the Scottish referendum weighing on sentiment.

As for country-specific indexes the UK FTSE dropped 0.14%. The Germany’s DAX 30 was down 0.11% while the France’s CAC 40 shed 0.48%. Spain’s Ibex 35 dropped 0.65% while Italy’s FTSE MIB fell 0.40%.

In the FX market, the dollar traded mixed as the euro and the point recover from recent declines, while USD/JPY has reached fresh 6-year highs above 107.00.

There is no much in terms of economic releases, with US initial jobless claims as the main event.

As for commodities, gold was little changed right below $1,250 an ounce, while crude oil dropped 0.35% to $91.35 a barrel.

Greece Unemployment Rate (MoM): 27% (June) vs previous 27.2%

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