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European stocks trade mixed, FTSE up 0.30%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets across Europe trade mixed, while London’s FTSE rallied on the back of strength in banking stocks.

    As of writing, the pan-European blue chip Euro Stoxx 50 index was down 0.21% at 3497.50. Euro Stoxx 600 was trading in the sideways manner around 385.74 levels. Among regional indices, Germany’s DAX was down 0.40%, while France’s CAC was down 0.47%. Italy’s FTSE MIB was flat.

    London’s FTSE was up 0.40% due to rally in the banking stocks. Shares in Barclays and RBS rallied more than 2% after the banks passed BOE’s stress tests.

    Meanwhile, shares in Germany’s Linde fell more than 14%; its steepest fall in 17 years; after US healthcare cuts and a drop in industrial demand forced the German gas supplier to reduce earnings targets for the third time in a year.

    China’s manufacturing came in better than forecast, while the official purchasing managers’ index fell. Consequently, the miners are trading mixed across Europe.
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