15 Jul 2014
European stocks little changed, data eyed
FXStreet (Córdoba) - European stocks were little changed Tuesday, following its biggest rise in a week, as cautious investors await Federal Reserve Chair Janet Yellen’s semi-annual testimony.
The Stoxx Europe 600 was flat at 339.79. The index rose 0.9% the previous day, recovering from last week losses. Among country-specific indexes, UK FTSE 100 gained 0.11%. Germany's DAX 30 dropped 0.09% and France’s CAC 40 shed 0.05%. Italy’s FTSE MIB lost 0.71% while Spain’s Ibex 35 was leading the fall in the region, dropping 0.84%.
On the macroeconomic domain, the Eurozone will release July Zew survey of economic sentiment while Fed Chair Yellen testimony before the Congress will be the main event of the day.
In the FX market, the US dollar trades from little changed to slightly higher across the board, with high-yielding currencies under pressure in a cautious environment.
As for commodities, gold rose 0.26% to $1310 an ounce after posting its biggest drop this year on Monday. Crude oil dropped 0.18% to $100.73 a barrel.
The Stoxx Europe 600 was flat at 339.79. The index rose 0.9% the previous day, recovering from last week losses. Among country-specific indexes, UK FTSE 100 gained 0.11%. Germany's DAX 30 dropped 0.09% and France’s CAC 40 shed 0.05%. Italy’s FTSE MIB lost 0.71% while Spain’s Ibex 35 was leading the fall in the region, dropping 0.84%.
On the macroeconomic domain, the Eurozone will release July Zew survey of economic sentiment while Fed Chair Yellen testimony before the Congress will be the main event of the day.
In the FX market, the US dollar trades from little changed to slightly higher across the board, with high-yielding currencies under pressure in a cautious environment.
As for commodities, gold rose 0.26% to $1310 an ounce after posting its biggest drop this year on Monday. Crude oil dropped 0.18% to $100.73 a barrel.