Europan Bourses Down on Bernanke Testimony, Crude and Copper Fall, Euro hits new low against US Dollar

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European stock markets reversed course in late trading Wednesday as testimony from Federal Reserve Chairman Ben Bernanke that the US central bank was unlikely to engage in more quantitative easing in the short term hit the exchanges hard. Crude oil and copper fell in response, too, after being higher in earlier trading.

The Dow Jones Euro Stoxx 50 is at 2,518.28, down 1.44 and 0.06%. The FTSE 100 Index is at 5,892.58, down 35.33 and 0.60. The DAX Index is 6,872.22, lower by 15.41 and 0.22%.

Hit hard were European lenders. In ADR action, Credit Suisse ( CS ) is down 1.63% to $27.08. Banco Satantander ( STD ) is off 1.19% to $8.33. At $8.95, the Royal Bank of Scotland is down 0.56%.

EUROPEAN STOCK MARKETS

*Dow Jones Euro Stoxx 50 is at 2,518.28, down 1.44 and 0.06%.

*FTSE 100 Index is at 5,892.58, down 35.33 and 0.60%.

*CAC 40 Index is at 3,461.28, up 7.29 and 0.21%.

*DAX Index is at 6,872.22, down 15.41 and 0.22%.

EUROPEAN STOCK FUTURES

*Dow Jones EURO STOXX 50 is at 2,510.00 after reaching a high of 2,550.00 and a low of 2,508.00.

*FTSE 100 is at 5,868.50 after reaching a high of 5,931.00 and a low of 5,867.50.

*CAC 40 10 EURO is at 3,451.50 after reaching a high of 3,491.50 and a low of 3,450.50.

*DAX Index is at 6,850.00 after reaching a high of 6,970.00 and a low of 6,846.50.

COMMODITY INDEXES

*UBS Bloomberg CMCI is at 1,656.67 after reaching a high of 1,662.01 and a low of 1,653.43.

*Standard & Poor's GSCI is at 703.46 after reaching a high of 711.51 and a low of 702.01.

*RJ/CRB Commodity Index is at 323.45 after reaching a high of 323.55 and a low of 322.56.

*Rogers International Index is at 3,944.79 after reaching a high of 3,951.33 and a low of 3,931.44.

COMMODITIES

*Gold is at $1,775.50, down $12.90 and 0.73%.

*Oil is $105.92, down $0.63 -0.59% .

*Corn is at $657.25, up $8.75 and 1.33%.

*Copper is at $388.65, down $2.55 -0.66%

Currencies

*USD/JPY is at 80.690, up 0.31%.

*EUR/USD is at 1.3392, down 0.52%.

*GBP/USD is at 1.5945, up 0.30%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: CS , STD

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