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European equities drop, Dax retreats 0.4%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The major European equity markets quickly erased early gains to trade in losses after the data in China showed another fall in China’s factory activity.

    At the time of writing, the pan-European Euro Stoxx 50 index was trading dead flat. Germany’s DAX was down 0.40%, while France’s CAC 0.20%. The mining-heavy UK’s FTSE was largely unchanged.

    The stock markets opened on a positive note as the bond yields dropped on hopes the ECB would come out with more aggressive easing measures in March. However, the risk-off in China, weak Chinese data and weakness in oil weighed over the equities.

    Asian equities traded mixed. Chinese equities dropped, while shares in Japan, Australia, and South Korea advanced.
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