European stocks falter before ADP employment data
February 6, 2014 2:58 amVideo
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The European stocks traded varied at the opening on Wednesday, as investors stayed cautious about the US employment report.
The ADP employment data will be released at 1:15 p.m. in London (or 8:15 a.m. EST), and could denote whether the non farm-payrolls report out on Friday will reflect a shift in the US labor market.
The Stoxx Europe 600 index accelerated 0.1% to 317.95, leading to sweep a three-day losing snap. Alfa Laval AB recouped 5.7%, following their 4th quarter earnings report.
Swatch Group AG increased 4.7%, following a better earnings for 2013 but Hargreaves Lansdown PLC slipped 4.3% after its earnings report.
Also, UK’s FTSE 100 index incurred 0.1% to 6,453.75 but Germany’s DAX 30 index went down 0.3% to 9,105.22. France’s CAC 40 index dropped 0.1% to 4,112.89.
The material has been provided by InstaForex Company – www.instaforex.com
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