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European equity markets falter Tuesday amidst weak German ZEW

FXstreet.com (Barcelona) - The European stock markets have continued their retreat lower Tuesday on the heels of lackluster data out Germany and a general permeation of risk aversion hitting the markets. In Germany, the ZEW Survey – Economic Sentiment (May) came in at 36.4, against expectations of 38.3. In addition, the ZEW Survey – Current Situation reported 8.9 in May, vs. a projected 10.0.

Beginning with the indices and composites, the EURO STOXX 50 contracted -0.29% as it settles in region of 2769.42, down -7.29 points in these moments. In addition, the FTSE 100 is trading in negative territory, operating at 6623.42, descending -8.34 points or -0.13% at the time of writing. Finally, the DAX has climbed lower recently, trading in the zone of 8267.92, presently -0.14% after a movement of -11.37 points.

Moving to commodities the prices of gold and silver are trading at USD $1428.64 and $23.39 per oz. respectively. Moreover, the price of crude is operating at USD $94.73/bbl Tuesday.

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