Breaking News

European stocks mixed in light trade; Dax down 0.09%

Stock MarketsAug 12, 2013 03:39AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Investing.com - European stocks were mixed in light trade on Monday, as markets were jittery amid ongoing speculation over whether the Federal Reserve will soon scale back its bond-buying program.

During European morning trade, the EURO STOXX 50 inched up 0.03%, France’s CAC 40 eased up 0.05%, while Germany’s DAX 30 edged 0.09% lower.

Markets were jittery after the latest U.S. jobs report on August 2 showed that the economy added fewer jobs than expected in July.

The disappointing data saw investors reassess expectations for when the U.S. central bank would start to taper its asset purchase program.

Investors were looking ahead to Tuesday’s retail sales report, as well as speeches by senior Fed officials later in the week.

Financial stocks were mixed, as French lenders BNP Paribas and Societe Generale climbed 0.49% and 0.63%, while Germany's Deutsche Bank dipped 0.06%.

Among peripheral lenders, Spanish banks Banco Santander and BBVA retreated 0.55% and 0.85% respectively, while Italy's Intesa Sanpaolo tumbled 0.94% and Unicredit added 0.22%.

Elsewhere, Bilfinger advanced 0.57% after the German company predicted a "significantly" stronger second half and reported second-quarter net income of EUR47 million, in line with analysts' estimates.

In London, commodity-heavy FTSE 100 added 0.12%, supported by gains in mining stocks.

Mining giants BHP Billiton and Rio Tinto gained 0.42% and 1.77% respectively, while Evraz and Randgold Resources surged 3.59% and 4.48%.

Financial stocks added to gains, as shares in Barclays climbed 0.61% and Lloyds Banking advanced 0.78%, while HSBC Holdings rose 0.64% and the Royal Bank of Scotland rallied 2.28%.

Insurance company Catlin was also on the upside, jumping 1.08%, as HSBC raised the stock to overweight from neutral.

In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.18% fall, S&P 500 futures signaled a 0.23% decline, while the Nasdaq 100 futures indicated a 0.17% loss.

European stocks mixed in light trade; Dax down 0.09%

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with 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
  • 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.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. 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 Investing.com’s discretion.

Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post also to:
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 ?
Post 1000
Please wait a minute before you try to comment again.
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
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