European shares mixed ahead of U.S. data . . . . . . . . . . . European shares were mixed on Tuesday’s midday trading after the release of a German report showing business confidence plunged to the lowest level this year, ahead of important U.S. data. The business climate index in Germany dropped to 109.7 in June from 110.4 recorded in May, coming below forecast of 110.3. The added to recovery concerns amid the current geopolitical tensions in Ukraine and low inflation in the euro area, before the release of euro area economic confidence data later in the week. Eyes will focus later in the day on U.S. new home sales for May and consumer confidence for June, where analysts predict a rise on both indicators. A report released yesterday showed that U.S. existing home sales climbed in May to record its largest monthly increase in almost three months. As of 07:01 EST, STOXX EUROPE 600 slipped 0.19% to record 345.64 points. Financials led the decline with a drop of 0.48%, where Croda Intl. recorded the largest losses as its shares plummeted 8.52% to 2201.00 GBP. Syngenta AG-REG, on the other hand, led the largest gains as its equities rose 5.32% to 344.50 CHF. Regarding other major European indices, France’s CAC 40 index soared 0.19% to 4524.21 points, and FTSE 100 slumped 0.09% to 6794.35 points. Germany`s DAX 30 edged up 0.07% to 9927.57 points. #egyptyard
Posted on: Tue, 24 Jun 2014 11:59:55 +0000
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