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June 2013


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Mixed EU Market
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TOPIC: Mixed EU Market

Mixed EU Market 3 months ago #3899

  • anjukp
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European stocks are seen opening on a mixed note with trading volumes expected to remain thin on the eve of President's holiday in the US While nothing earth-shattering came out of the G20 gathering in Russia, the group did pledge to strengthen financial stability and promote sustainable growth. G20 finance chiefs also reaffirmed their commitment to refrain from competitive devaluation. Asian stocks are mostly higher, with Japan's Nikkei index rallying over 2% on a weaker yen after the weekend's Group of 20 meeting refrained from criticizing Tokyo's economic policies that have weakened the currency. China's Shanghai Composite index is moving up 0.2% as trading resumed after a nine-day break for the Lunar New Year holidays. In economic releases, house prices in the U.K. climbed for a second consecutive month to the strongest level in five years for February amid a jump in volume of sales inquiries. House prices rose 2.8% MoM to GBP 235,741. This was the highest price level recorded in February since 2008.
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