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European stocks mixed at the open

FXStreet (Córdoba) - European markets opened mixed Tuesday, without much of a catalyst to push them one way or another, and the cautious tone still dominates financial markets.

The Stoxx Europe 600 index rose 0.2% to 339.18 Among major movers in the index, Credit Suisse Group gained almost 3% after the bank admitted it conspired to aid tax evasion and agreed to pay $2.6 billion to US authorities.

The UK FTSE 100 index slipped 0.2%, French CAC 40 index fell 0.1% and Germany's DAX rose 0.1%.

Meanwhile across markets, US futures were nearly flat. Gold eased back Tuesday after failing to sustain gains above $1,300 an ounce and it was last down 0.3% at $1,289.40/oz. Oil futures remained steady above $102.00 a barrel.

In the FX market, majors trade widely unchanged with the main exception of the AUD which fell 0.63% to below 0.9300 amid rumors Australia could lose its AAA rating by S&P, sinking iron ore and dovish comments from the RBA.

The EUR/USD was a tad lower at 1.3685 while the GBP/USD was higher at 1.6840 ahead of UK CPI figures.

How does AUD perform during the London session? - ANZ

ANZ analysts comments that recent appreciation in the AUD has occurred almost exclusively during the London sessions.
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United Kingdom Retail Price Index (MoM) below expectations (0.5%) in April: Actual (0.4%)

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