More Good News from the US Rallies European Markets with Euro and GBP Rising as Oil Falls

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Bullish consumer sentiment from the United States helped reverse the direction of European shares in trading today. U.S. consumer confidence readings came in better than anticipated by the analyst community, the latest in a string of such events from the world's biggest economy. Yesterday strong home sales news from the United States rallied the markets. Three of the four major European bourses were higher with the FTSE 100 Index at 5,916.66, gaining 1.11 at 0.02%. The CAC 40 Index is at 3,445.16, higher by 3.71 and 0.11%. The German

DAX Index is at 6,861.64, rising 12.04 and 0.18%.

With the Greek bailout package overwhelmingly approved by the German legislature after European markets closed yesterday, financial ADRs are doing well today. Deustsche Bank ( DB ) is up 0.64% to $47.00 Credit Suisse ( CS ) is at $27.52, higher by 0.15%. ING Groep ( ING ) has jumped 1.76% to $9.08. Banco Santandre ( STD ) has climbed to $8.43, a gain of 0.46%.


EUROPEAN MARKETS

*Euro Stoxx 50 Pr is at 2,511.81, down 1.25 and 0.05%.

*FTSE 100 Index is at 5,916.66, up 1.11 and 0.02%.

*CAC 40 INDEX is at 3,445.16, up 3.71 and 0.11%.

*DAX Index is at 6,861.64, up 12.04 and 0.18%.

EUROPEAN MARKET FUTURES

*DJ EURO STOXX 50 is at 2,516.00 after reaching a high of 2,533.00and a low of 2,497.00.

*FTSE 100 is at 5,898.50 after reaching a high of 5,914.00 and a low of 5,876.00.

*CAC 40 10 EURO is at 3,449.50 after reaching a high of 3,463.50 and a low of 3,425.50.

*DAX Index is at 6,871.00 after reaching a high of 6,904.50 and a low of 6,810.50.

COMMODITY INDEXES

*UBS Bloomberg CMCI is at 1,655.49 after reaching a high of 1,661.64 and a low of 1,651.72.

*Standard &Poor's GSCI is at 711.62 after reaching a high of 714.60 and 708.33.

*RJ/CRB Commodity is at 324.33 after reaching a high of 325.64 and a low of 324.17.

*Rogers International is at 3,944.17 after reaching a high of 3,953.65 and a low of 3,936.08.

Currencies

*EUR/USD is at 1.3414, up 0.13%.

*GBP/USD is at 1.5825, up +0.02%.

*USD/JPY is at 80.660, up 0.06%.

COMMODOTIES

*Gold is $1,780.60, up $5.70 and 0.32%.

*Oil is at $108.55, down 0.01 and 0.01%.

*Corn is at $648.50, up $4.50 and 0.69%.

*Copper is at $391.35, up $3.30 and 0.84%.



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 , DB , ING , STD

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As of 12/19/2014, 04:15 PM


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