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European stocks mixed, ZEW data disappoints

FXStreet (Córdoba) - European stocks were mixed Tuesday as the previous session rally faded away. With geopolitical tensions coming off the spot, markets focus turned to economic data and earnings.

The Stoxx Europe 600 was up 0.10% at 329.60. The index gained 1.4% on Monday amid easing geopolitical tensions. As for country-specific indexes Germany’s DAX 30 fell 0.30% while the France’s CAC 40 dropped 0.39%. The UK FTSE 100 rose 0.05%. Meanwhile, Italy’s FTSE MIB was the top performer up 0.92% while Spanish Ibex 35 gained 0.76%.

On the data front, disappointing German and Eurozone ZEW data had little effect on stocks but certainly put the euro under renewed pressure. The EUR/USD broke below the 1.3360 area and dipped to a 5-day low of 1.3342. Rest of majors were steady, with the NZD underperforming.

As for commodities, gold rose 0.18% to $1,312 an ounce, while crude oil slid 0.71% to $97.38 a barrel.

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