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European markets fall on poor confidence in EMU

By FXstreet.com,  April 26, 2012, 07:27:00 AM EDT

FXstreet.com (Barcelona) - The confidence report provided by the European Commission has pointed to weakening figures in consumer, industrial and economic confidence, more than expected by analysts. The European indexes, that were climbing ahead of the data release, erased gains and are now edging lower.

The German DAX 30 loses -0.55%, the French CAC 40 falls by -0.85%, the British FTSE 100 sheds -0.12%, while the peripherals Italian FTSE MIB and Spanish IBEX 35 lose the most, by -1.20% and -2.00%.

BoE's Weale stated that chances of an extension of the asset purchase program in the UK are higher after yesterday's GDP data. However, inflation reports must be taken in account.

Crude oil fell from gains and is now losing -0.13%, slightly below $104.00. Gold is now up by 0.30%, at $1648.

Futures of the S&P500, Nasdaq 100 and Dow Jones 30 are signaling a lower open between -0.10% and -0.20%.
CPI report in Germany and jobs report in the US are due at 12:30 GMT.




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.


This article appears in: Investing, Forex and Currencies

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