European equities end fairly mixed

Monday, June 30, 2014

European equity markets were fairly mixed in today’s session. The DAX index managed to end at positive territory after gaining near 0.2%, while the CAC, IBEX and the London benchmark index slid lower within the range.

The euro outperformed and climbed higher against the USD, eyeing the 1.37 target. Sterling was also fairly strong, holding above 1.7, while a broker’s downgrade dragged Easyjet sharply lower to finish the day at 1365 points (-6.45%). 

EUR Spot

EUR Curncy (Euro Spot )  Daily 01 2014-06-30 17-48-08

GBP Spot

GBP Curncy (British Pound Spot )  2014-06-30 17-48-24

On the macroeconomic front, Chicago’s June PMI data came in at 62.3, missing analysts’ expectations of 63.0, but US pending home sales surged by 6.1% in June versus estimates of a modest 1.5% rise.

In the UK, banks and retail stocks dragged the index lower. Barclays, HSBC and Lloyds fell sharply between 0.7% and 1.5%. Sport Direct and Marks & Spencer retreated by 2.35% and 1.55%, respectively.

Tomorrow, the main focus will turn to the release of Markit Manufacturing PMI data from the US, UK and Eurozone as well as Eurozone’s unemployment rate and US construction spending figures. 

Topics: GDP, Europe, Economic Data, EUR, UK
More from: Myrto Sokou