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27 May 2014
European stocks open mixed
FXStreet (Córdoba) - European stocks opened mixed Tuesday and wavered between minor gains and losses following previous day's gains after European Parliamentary elections.
The Stoxx Europe 600 index was flat following a negative opening while Italy's FTSE MIB index was down up 0.18%, following Monday's rally. France’s CAC 40 was down 0.27% while the German DAX and the Spanish Ibex 35 both shed about 0.05% in early trade. UK trading resumed after Monday's bank holiday with the FTSE 100 up 0.21%.
In company news, US Pfizer dropped its 120 billion offer for British AstraZeneca, sending this latter stocks 2.6% lower.
Elsewhere, gold came under pressure and fell to a fresh 2-week low of $1282 an ounce while crude oil holds virtually unchanged just below 104.00 a barrel Tuesday.
In the FX market, the USD trades a tad lower versus most competitors, with the USD/JPY down 0.14% at 101.78 and the GBP/USD up 0.15% at 1.6865. The EUR/USD was virtually unchanged at 1.3645 after being rejected from the 1.3670 area.
The Stoxx Europe 600 index was flat following a negative opening while Italy's FTSE MIB index was down up 0.18%, following Monday's rally. France’s CAC 40 was down 0.27% while the German DAX and the Spanish Ibex 35 both shed about 0.05% in early trade. UK trading resumed after Monday's bank holiday with the FTSE 100 up 0.21%.
In company news, US Pfizer dropped its 120 billion offer for British AstraZeneca, sending this latter stocks 2.6% lower.
Elsewhere, gold came under pressure and fell to a fresh 2-week low of $1282 an ounce while crude oil holds virtually unchanged just below 104.00 a barrel Tuesday.
In the FX market, the USD trades a tad lower versus most competitors, with the USD/JPY down 0.14% at 101.78 and the GBP/USD up 0.15% at 1.6865. The EUR/USD was virtually unchanged at 1.3645 after being rejected from the 1.3670 area.