Stocks In Europe Trades Mixed

Stocks in Europe were seen trading mixed on Friday while traders focus on macro-data from European Union countries.

The European Euro Stoxx gained 0.02% to 3,140.00, while the German DAX index added 0.34% to 9,621.00 at the time of writing.

At the same time the French benchmark CAC 40 edged 0.10% higher at 4,400.80, while UK’s benchmark FTSE 100 lost 0.4% to 6,807.50.

Stocks in the Asian region were trading mixed on the last day of the trading week as Japan’s stocks were dragged lower by the government’s month-end data.

The German drug-makers Bayer added 0.9%, while its net income rose from 2.403 billion euros in 2012 to 3,189 billion euros in 2013.

British bookmaker William Hill confirmed its net income climbed 16% to £1.486 billion in the last 12 months, from £1.276 billion added in the previous year.

Stocks – Janet Yellen’s Testimony

The new Federal Reserve (Fed) Chair Janet Yellen delivered her testimony on monetary policy before the Senate Banking Committee as part of the Fed’s semi-annual policy report known as Humphrey Hawkins on Thursday. During the Q&A session Yellen said the US economy’s growth slowed down since her last testimony.

Yellen also said the string of data recently released, has been weal and were due to the extreme cold weather in the US.

The US Federal Reserve reduced its monthly bond purchases by $10 billion at each of its two meetings, leaving its monthly stimulus at $65 billion. The yellow metal surged 70% from December 2008 to June 2011 as the central bank added over $4 trillion into the financial system to boost growth.

Other News

In Germany, the country’s retail sales rose 2.5% higher in January, compared to 2.1% recorded in the previous month.

While in Switzerland, the Swiss Barometer increased to 2.03, rising above forecasts of 2 in February, according to reports from KOF Leading Economic Indicators.

The Statistical Office of the European Union (Eurostat) is expected to release the Consumer Price Index (CPI) data later in the day.

 

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