- European Stocks. First hour: FTSE 100 up before data, CAC 40 and DAX 30 down
Market news
European Stocks. First hour: FTSE 100 up before data, CAC 40 and DAX 30 down
European indices are trading mixed after four days of gains fuelled by expectations that the ECB will embark into quantitative easing after its upcoming policy meeting on January 22nd. An interim ruling by the European Court of Justice stated that QE is "in principle" in line with European legislation.
The FTSE 100 index is currently trading +0.57% quoted at 6,658.01 points. Market participants are awaiting a set of U.K. data including Claimant count, Unemployment Rate and the Bank of England minutes due at 0930 GMT. Germany's DAX 30 lost -0.42% trading at 10,214.63,. France's CAC 40 declined by -0.23%, currently trading at 4,435.89 points.
U.S. Building Permits and Housing Starts are due at 13:30 GMT and may show an improving U.S. economy, according to economists' forecasts.
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