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11 Jun 2014
European stocks pull back from multi-year highs
FXStreet (Córdoba) - European stock markets opened lower Wednesday pulling back from multi-year highs amid profit taking and weighed by mild risk aversion after the World Bank cut its global growth forecast for 2014.
The Stoxx Europe 600 index slipped 0.34% to 348.54 after closing at 349.71 on Tuesday, the highest level since January 2008.
As for country indexes, the UK’s FTSE 100 index dipped 0.32% ahead of UK employment data release. France's CAC 40 index fell 0.50% while Germany's DAX 30 index lost 0.46%, falling from a record closing level reached on Tuesday. Italy’s FTSE MIB shed 0.76% while Spain’s Ibex gave up 0.50%.
In the FX markets majors remains steady in familiar ranges while the AUD outperforms, having hit a 1-month high against the dollar and a 7-month peak versus the euro. Gold edged up 0.09% to $1,261 an ounce, while crude oil rose 0.30% to $104.67, erasing yesterday’s losses.
The Stoxx Europe 600 index slipped 0.34% to 348.54 after closing at 349.71 on Tuesday, the highest level since January 2008.
As for country indexes, the UK’s FTSE 100 index dipped 0.32% ahead of UK employment data release. France's CAC 40 index fell 0.50% while Germany's DAX 30 index lost 0.46%, falling from a record closing level reached on Tuesday. Italy’s FTSE MIB shed 0.76% while Spain’s Ibex gave up 0.50%.
In the FX markets majors remains steady in familiar ranges while the AUD outperforms, having hit a 1-month high against the dollar and a 7-month peak versus the euro. Gold edged up 0.09% to $1,261 an ounce, while crude oil rose 0.30% to $104.67, erasing yesterday’s losses.