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14 Jun 2013
European equities edge higher Friday
FXstreet.com (New York) - The European stock staged a minor recovery Friday, closing out the week overall in the red despite tepid attempts to garner strength, amidst pressured global equities.
EMU data offers little splash
Earlier today in the EMU, Consumer Price Index (YoY) grew +1.4% in May, in line with expectations. Moreover, the Consumer Price Index – Core (YoY) has climbed +1.2% in May, also matching estimates. Finally, the Consumer Price Index (MoM) yielded +0.1% in May, once again coming in at the same projected figure.
Beginning with commodities, the prices of gold and silver are trading at session lows, trading more specifically at USD $1379.34 and $21.70 per oz. respectively. In addition, the price of crude is operating at USD $96.96/bbl Friday.
Equities fail to pare weekly losses
Moving to indices and composites, the EURO STOXX 50 rose +0.28% as it settles in region of 2669.12, up +7.40 points in these moments. In addition, the FTSE 100 moved higher Friday, operating at 6312.22 ascending +7.59 points or +0.12% at the time of writing. Finally, the DAX has strengthened recently as well, trading in the zone of 8130.92 presently +0.44% after a movement of +35.53 points.
EMU data offers little splash
Earlier today in the EMU, Consumer Price Index (YoY) grew +1.4% in May, in line with expectations. Moreover, the Consumer Price Index – Core (YoY) has climbed +1.2% in May, also matching estimates. Finally, the Consumer Price Index (MoM) yielded +0.1% in May, once again coming in at the same projected figure.
Beginning with commodities, the prices of gold and silver are trading at session lows, trading more specifically at USD $1379.34 and $21.70 per oz. respectively. In addition, the price of crude is operating at USD $96.96/bbl Friday.
Equities fail to pare weekly losses
Moving to indices and composites, the EURO STOXX 50 rose +0.28% as it settles in region of 2669.12, up +7.40 points in these moments. In addition, the FTSE 100 moved higher Friday, operating at 6312.22 ascending +7.59 points or +0.12% at the time of writing. Finally, the DAX has strengthened recently as well, trading in the zone of 8130.92 presently +0.44% after a movement of +35.53 points.