European stocks trims gains, but steady

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Stock markets across Europe trimmed early gains, but are working hard to stay positive as investors take a pause from a recent rally.

    At the time of writing, Stoxx 600 index was trading flat. Stoxx 50 was up 0.16%. UK’s FTSE traded 0.12% higher, while France’s CAC was down 0.10%. Germany’s DAX traded 0.10% lower as well.

    Shares in UK‘s Standard Chartered were up 3.68% and were followed by a 3.2% rise in Whitbread. Germany’s Kion Group AG was up 5.35%. Meanwhile, shares in Nordea Bank and Danske Bank were down 6.84% and 4.17% respectively.

    In Asian trade, stocks in Japan fell as the yen held firm near 17-month highs. But other markets rallied in response to falling prospects of Fed rate hike.
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