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Euro Stoxx 600 maintains gains, China weakness ignored

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The pan-European Euro Stoxx 600 index has been able to hold on to its gains as upbeat domestic PMIs saw investors turn a blind eye towards weak China PMI released earlier today.

    At the time of writing, the Euro Stoxx 600 index was up 0.4% at 377.10 levels. PMI reading for the Eurozone was more uplifting, while Germany’s PMI also witnessed an upward revision. The UK’s PMI printed at 16-month high.

    Still, UK’s FTSE fell 0.4%, although Germany’s DAX and France’s CAC advanced 0.8% and 0.4% respectively. The upbeat action in the European stocks has ensured the major US index futures trade moderately positive.

    Ahead in the day, the Us ISM manufacturing figure could influence the investor sentiment across Europe and US.
    For more information, read our latest forex news.
     

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