OctaFX | OctaFX Forex Broker
Open trading account

European equities rebound from three-week lows

FXstreet.com (Barcelona) - The European markets were able to slow the recent bleeding Thursday, after upbeat economic data from the EMU. Earlier today, the Economic Sentiment Indicator (May) was reported at 89.4, against estimates of 89.0. Moreover, Consumer Confidence (May) yielded a figure of -21.9, matching projections. Finally, Services Sentiment (May) came in at -9.3, besting expectations of -10.8.

Beginning with the indices and composites, the EURO STOXX 50 rose +1.46% as it settles in region of 2835.87, up +40.87 points in these moments. In addition, the FTSE 100 moved higher Thursday, operating at 6638.26 ascending +11.09 points or +0.87% at the time of writing. Finally, the DAX has strengthened slightly recently as well, trading in the zone of 8343.20 presently +0.08% after a movement of +6.82 points.

Moving to commodities the prices of gold and silver are trading near session highs, and more specifically at USD $1406.40 and $22.73 per oz. respectively. In addition, the price of crude is operating at USD $94.72/bbl Thursday.

Merkel and Hollande will discuss plans for boosting growth and competitiveness

German Chancellor Angela Merkel and French President François Hollande will hold a meeting in Paris today in order to work together on a report with recommendations on how to boost competitiveness and growth in the EU.
Read more Previous

Flash: USD/JPY consolidative post Nikkei decline - OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY is in consolidative mode while AUD/USD can see some tender support.
Read more Next
Start livechat