Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

European stocks mixed ahead of U.S. data; Dax down 0.36%

Stock MarketsFeb 05, 2016 03:34AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. Frankfurt Stock Exchange - European stocks opened mixed on Friday, as investors turned their focus to the U.S. nonfarm payrolls report due later in the day amid uncertainty over how much the Federal Reserve will be able to raise interest rates this year.

During European morning trade, the EURO STOXX 50 fell 0.13%, France’s CAC 40 rose 0.21%, while Germany’s DAX 30 slid 0.36%.

Markets were jittery after New York Federal Reserve President William Dudley said on Wednesday that the weakening outlook for the global economy and any further strengthening of the dollar could have "significant consequences" for the health of the U.S. economy.

Investors were looking ahead to the U.S. nonfarm payrolls report for January, due later Friday, for fresh indications on the strength of the labor market.

In the euro zone, data earlier showed that German factory orders fell by 0.7% in December, compared to expectations for a downtick of 0.5%, after a 1.5% increase the previous month.

Financial stocks were mixed, with French lenders Societe Generale (PA:SOGN) and BNP Paribas (PA:BNPP) gained 0.31% and 3.42%, while Germany’s Commerzbank (DE:CBKG) and Deutsche Bank (DE:DBKGn) lost 0.11% and 0.85%.

BNP Paribas earlier reported a 51.7% drop in fourth quarter net income and announced plans to cut costs in its investment banking division.

Among peripheral lenders, Italy’s Unicredit (MI:CRDI) and Intesa Sanpaolo (MI:ISP) retreated 0.37% and 0.48% respectively, while Spanish banks BBVA (MC:BBVA) and Banco Santander (MC:SAN) climbed 0.57% and 1.42%.

Elsewhere, Volvo, AB ser. A (ST:VOLVAs) edged down 0.13% after the Swedish automaker reported operating profit and sales just below expectations and cut its outlook for deliveries of heavy duty trucks in North America and Brazil.

ArcelorMittal SA (AS:ISPA) added to losses, with shares plunging 8.49% as the company said it was planning to launch a $3 billion capital increase after its fourth-quarter net loss widened from a year ago due to declining steel prices.

In London, FTSE 100 edged up 0.14%, helped by Kingfisher (L:KGF), up 1.75% after the retailing company bought back 1,600,000 ordinary shares on Thursday.

Meanwhile, mining stocks were broadly lower on the commodity-heavy index. Shares in Rio Tinto (L:RIO) and Anglo American (L:AAL) plummeted 2.10% and 2.19% respectively, while Glencore (L:GLEN) lost 3.29%.

In the financial sector, stocks were also on the downside. Shares in HSBC Holdings (L:HSBA) eased 0.07% and the Royal Bank of Scotland (L:RBS) slipped 0.12%, while Lloyds Banking (L:LLOY) dropped 0.65% and Barclays (L:BARC) tumbled 1.47%.

In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.12% fall, S&P 500 futures a 0.16% slip, while the Nasdaq 100 futures indicated a 0.17% loss.

European stocks mixed ahead of U.S. data; Dax down 0.36%

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email