The European stock rose during the muted holiday trading on Monday with a positive investor sentiment towards the economic data released throughout last week. Shares in Europe are expected to open at a lower rate while investors wait for Federal Reserve Chairman Ben Bernanke comment on whether the central bank would start on tampering its bond-buying program.UK’s FTSE 100 index was leading shares with 0.48% to 6,755.63 points, while Frankfurt the DAX30 index marked a record high close after climbing 0.69% to 8.455.83 points and the French CAC40 rose 0.54% to 4,022.85 points.
The Asian stock market was traded in a negative territory on Tuesday while the Bank of Japan begins a two-day policy meeting. The European currency grew from $US1.2834 to $US1.2868 in New York on Friday .The US dollar dropped from 103.19 yen to 102.51 yen. The Japanese yen had reached a record low against the US dollar at 103.31 yen.
Milan’s index dropped by 0.55% to 17,506 points according to data released while the Japanese Nikkei share slipped and touched a 5-1/2 year high as investors such as Sharp scooped up under performing stocks. The Nikkei rose by 0.1% to 15,381.02, marking its highest after being traded in a negative territory.
Earlier this week, Nasdaq gained 0.20% to 3506.4 points and S&P 500 rose by 0.24 % to 1,671.42 points while The Dow Jones average gained 0.13% to 15,373.70 points.
The post Europe stocks retreats as yen weakens appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog
