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6 Aug 2015
European stocks trade mixed on BOE’s ‘Super Thursday’
FXStreet (Mumbai) - European indices are seen trading mostly mixed as traders remain cautious ahead of a super day for the BOE as it sets for a joint release of the BOE rate decision, meeting minutes and the inflation report with London’s FTSE the main laggard.
The European traders were also left unimpressed by the latest set of mixed UK industrial figures. Markets now look forward for further insight from the upcoming BOE updates for fresh direction on the indices.
The German benchmark, the DAX keeps moderate gains on upbeat earnings reports. German drug maker Merck said its net income for the second quarter rose to €343.4 million from €303.3 million posted in the same period last year, with net sales climbing 14.4%. While German telecom company Deutsche Telekom reported a 13.5% gain in its quarterly core profit.
Meanwhile, Germany's DAX 30 index trades +01.11% at 11,647 while the UK benchmark FTSE 100 also trades -0.32% lower at 6,731. Among the other indices, the French CAC 40 index loses- 0.11% to 5,191, and the pan-European Euro Stoxx 50 trades modestly flat at 3,674.
The European traders were also left unimpressed by the latest set of mixed UK industrial figures. Markets now look forward for further insight from the upcoming BOE updates for fresh direction on the indices.
The German benchmark, the DAX keeps moderate gains on upbeat earnings reports. German drug maker Merck said its net income for the second quarter rose to €343.4 million from €303.3 million posted in the same period last year, with net sales climbing 14.4%. While German telecom company Deutsche Telekom reported a 13.5% gain in its quarterly core profit.
Meanwhile, Germany's DAX 30 index trades +01.11% at 11,647 while the UK benchmark FTSE 100 also trades -0.32% lower at 6,731. Among the other indices, the French CAC 40 index loses- 0.11% to 5,191, and the pan-European Euro Stoxx 50 trades modestly flat at 3,674.