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European stocks strengthen after Easter break

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    European equities strengthened early trading despite a softer trade in Asia and weakness in oil prices.

    At the time of writing, Stoxx 50 index was up 0.96%. Germany’s DAX and France’s CAC are up at least 0.80% each. The mining heavy London’s FTSE traded 0.70% higher despite lower oil prices and Brexit fears.

    Shares in Norway’s Subsea 7 were down 2.85%, followed by a 2.15% drop in Seadrill. In London, miners were taking a beating. Rio Tinto was down 1.7% and was followed by names like Glencore, Randgold Resources, BHP Billiton.

    Federal Reserve chair Janet Yellen is due to give a speech later on Tuesday and investors are keen to see whether she adds credence to the hawkish view put forward by her policymakers last week.
    For more information, read our latest forex news.

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