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2 Dec 2015
European stocks trade mixed, DAX weakens
FXStreet (Mumbai) - The stock markets across Europe trade mixed after the weaker-than-expected Eurozone CPI data bolstered expectations of more monetary easing from the ECB tomorrow.
The pan-European Euro Stoxx 600 index currently trades moderately higher around 385.70 levels. The blue chip index Euro Stoxx 50 index is down 0.10%. Among regional indices, Germany’s DAX is down 0.17%. France’s CAC also fell 0.10%. Meanwhile, London’s FTSE advanced 0.50%.
In the euro zone, inflation grew 0.1% year-on-year in November, which is well-below the ECB's target of 2%. Consequently, the EUR fell along with German yields and helped stock markets remain resilient.
The shares in the Pharmaceutical companies Astrazeneca, Roche, Glaxosmithkline and Novartis rallied after Morgan Stanley raised its outlook on the mentioned stocks.
The pan-European Euro Stoxx 600 index currently trades moderately higher around 385.70 levels. The blue chip index Euro Stoxx 50 index is down 0.10%. Among regional indices, Germany’s DAX is down 0.17%. France’s CAC also fell 0.10%. Meanwhile, London’s FTSE advanced 0.50%.
In the euro zone, inflation grew 0.1% year-on-year in November, which is well-below the ECB's target of 2%. Consequently, the EUR fell along with German yields and helped stock markets remain resilient.
The shares in the Pharmaceutical companies Astrazeneca, Roche, Glaxosmithkline and Novartis rallied after Morgan Stanley raised its outlook on the mentioned stocks.