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17 Jun 2013
European equities sail upwards Monday
FXstreet.com (New York) - The European stock market started off the trading week with a robust performance across the board, surging ahead and notching solid gains.
EMU trade balance disappoints
Earlier today in the EMU, Labor Costs (Q1) came in at +1.6%, compared with a figure of +1.3% previously. Moreover, the Trade Balance n.s.a. yielded a figure of €14.9B in April, missing estimates of €18.5B. Finally, the Trade Balance s.a. gave a result of €16.1B, vs. a projection of €21.1B.
Beginning with commodities, the prices of gold and silver are trading at session lows, trading more specifically at USD $1386.26 and $21.91 per oz. respectively. In addition, the price of crude is operating at USD $98.56/bbl Monday.
Equities bull ahead
Moving to indices and composites, the EURO STOXX 50 rose +1.52% as it settles in region of 2707.90, up +40.58 points in these moments. In addition, the FTSE 100 moved higher Monday, operating at 6358.98 ascending +50.72 points or +0.80% at the time of writing. Finally, the DAX has strengthened recently as well, trading in the zone of 8238.35 presently +1.36% after a movement of +110.39 points.
EMU trade balance disappoints
Earlier today in the EMU, Labor Costs (Q1) came in at +1.6%, compared with a figure of +1.3% previously. Moreover, the Trade Balance n.s.a. yielded a figure of €14.9B in April, missing estimates of €18.5B. Finally, the Trade Balance s.a. gave a result of €16.1B, vs. a projection of €21.1B.
Beginning with commodities, the prices of gold and silver are trading at session lows, trading more specifically at USD $1386.26 and $21.91 per oz. respectively. In addition, the price of crude is operating at USD $98.56/bbl Monday.
Equities bull ahead
Moving to indices and composites, the EURO STOXX 50 rose +1.52% as it settles in region of 2707.90, up +40.58 points in these moments. In addition, the FTSE 100 moved higher Monday, operating at 6358.98 ascending +50.72 points or +0.80% at the time of writing. Finally, the DAX has strengthened recently as well, trading in the zone of 8238.35 presently +1.36% after a movement of +110.39 points.