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European equities trading in the red

FXstreet.com (Barcelona) - The European markets were seen trading negatively Friday, erasing the recent gains and optimism of yesterday’s tepid recovery. Earlier today in the EMU, Consumer Price Index (YoY) grew +1.4% in May, matching expectations of +1.4%. In addition, the Consumer Price Index – Core (YoY) climbed +1.2% in May, relative to projections calling for +1.1%.

Briefing the indices and composites, the EURO STOXX 50 fell -0.83% as it settles in region of 2776.01, down -23.19 points in these moments. In addition, the FTSE 100 moved lower Friday, operating at 6590.08 descending -66.21 points or -0.99% at the time of writing. Finally, the DAX has weakened recently as well, trading in the zone of 8341.14 presently -0.70% after a movement of -59.06 points.

Moving to commodities the prices of gold and silver are trading near session lows, and more specifically at USD $1411.70 and $22.55 per oz. respectively. In addition, the price of crude is operating at USD $93.03/bbl Friday.

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