27 Feb 2015
European stocks trade flat around eight year high
FXStreet (Mumbai) - European stocks were little changed on Friday, as the major indices traded near the highest level since 2007.
Major indices trade flat
The major indices in Europe are trading dead flat. The Germany’s Dax is down 0.09% at 11,317.30, while the London’s Ftse is largely unchanged at 6947.30. The France’s Cac is down just 0.08% at 4906.50. The Stoxx Europe 600 Index fell 0.1% to 390.17, after having climbed 1% in the previous session.
Overall the Stoxx 600 has gained 6.3% in February, pushing gains this year to 14%, as Greece reached a bailout deal and the European Central Bank announced quantitative easing.
Among stocks, the notable names are Airbus, up 6.5%, Swiss adhesives maker Sika AG, up 1%. IAG SA has gained 4.6% after it reported full-year earnings growth of 81%. Meanwhile, Greek banks - Piraeus Bank SA and Eurobank Ergasias SA fell more than 6.
The equity markets may see some volatility post the release of the German preliminary CPI reading for February.
Major indices trade flat
The major indices in Europe are trading dead flat. The Germany’s Dax is down 0.09% at 11,317.30, while the London’s Ftse is largely unchanged at 6947.30. The France’s Cac is down just 0.08% at 4906.50. The Stoxx Europe 600 Index fell 0.1% to 390.17, after having climbed 1% in the previous session.
Overall the Stoxx 600 has gained 6.3% in February, pushing gains this year to 14%, as Greece reached a bailout deal and the European Central Bank announced quantitative easing.
Among stocks, the notable names are Airbus, up 6.5%, Swiss adhesives maker Sika AG, up 1%. IAG SA has gained 4.6% after it reported full-year earnings growth of 81%. Meanwhile, Greek banks - Piraeus Bank SA and Eurobank Ergasias SA fell more than 6.
The equity markets may see some volatility post the release of the German preliminary CPI reading for February.