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European stocks little changed as investors await key events next week

FXStreet (Córdoba) - European stocks were little changed Friday following five session of losses, as investors refrain from taking big positions ahead of the Scottish referendum and the Fed meeting next week.

The Stoxx Europe 600 was flat at 344.35 in early trade. The index has declined 1.0% this week. As for country-specific indexes the UK FTSE rose 0.07%. The Germany’s DAX 30 was down 0.36% while the France’s CAC 40 shed 0.27%. Spain’s Ibex 35 dropped 0.04% while Italy’s FTSE MIB fell 0.09%.

In the FX market, majors traded in tight ranges as all attention turns to next week Federal Reserve policy meeting. The dollar remains underpinned by prospects the Fed will make a hawkish shift in the upcoming Sept 17 meeting.

In terms of economic releases, watch for US August retail sales and the reuters/Michigan consumer confidence.

As for commodities, gold was down 0.24% at $1,237 an ounce, while crude oil rose 0.46% to $93.26 a barrel.

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