European stocks little changed Greece sorrows; Dax up %

Post on: 16 Май, 2015 No Comment

European stocks little changed Greece sorrows; Dax up %

© Reuters. European stocks hold steady carefully into the trade in the midst of Greece talks

Investing.com European stocks were little changed on Friday, as the European Central Banks asset-purchase program will continue to support, while the concerns about the debt levels of Greece suffer maintained .

During European morning trade, the EURO STOXX 50 dipped 0.02%, Frances CAC 40 eased 0.08%, while Germanys DAX 30 inced up 0.06%.

European shares remained supported after the ECB started buying of securities on Monday as part of an asset-purchase program in the amount of €60 billion in the month.

However, concerns over the situation in Greece is retained, such as the Eurogroup of Finance Ministers to continue talks in Brussels to discuss a reform package submitted to Greece as part of its bailout review.

The Greek Prime Minister Alexis Tsipras said on Thursday that the country will be able to meet its financial responsibility, even if the creditor does not pay-a tranche of aid.

Financial stocks were broadly higher, as French lender BNP Paribas (PARIS:BNPP ) and Société Générale (PARIS:SOGN ) edged up 0.06% and 0.14%, while in Germany, Commerzbank (XETRA:CBKG ) collected of 1.77%.

The German lender allegedly agreed to pay $1.45 billion to settle several US studies, to put an end to years of infringement claims and their role in one of Japans largest accounting scandals.

Among peripheral lenders, Italy Unicredit (MILAN:CRDI ) and Intesa Sanpaolo (MILAN:ISP ) won 0.32% and 0.72%, while the Spanish banks Banco Santander (MADRID:SAN ) and BBVA (MADRID:BBVA ) advanced 0.59% and 0.62%.

European stocks little changed Greece sorrows; Dax up %

Elsewhere, Salvatore Ferragamo SpA jumped 1.24% after reporting better than expected earnings for the year 2014.

In London, commodity-heavy FTSE 100 crept 0.02% higher, supported by gains in the mining sector.

Shares of mining giant Rio Tinto (LONDON:RIO ) edged up 0.12% and Glencore Xstrata (LONDON:GLEN ) climbed 0.96%, while Randgold Resources (LONDON:RRS ) and Fresnillo (LONDON:FRES ) collected 1.07% and 1.68%, respectively

In the financial sector, stocks were mixed. Barclays (LONDON:BARC ) saw shares dip 0.02% and HSBC Holdings (LONDON:HSBA ) eased 0.04%, while the Royal Bank of Scotland (LONDON:RBS ) slipped 0.39% and Lloyds Banking (LONDON:LLOY ) is added to 0.18%.

In the U.S. equity markets pointed to a moderately higher open. The Dow Jones Industrial Average futures pointed to a 0.10% gain, S&P 500 futures signaled a 0.13% increase, while the Nasdaq 100 futures indicated a 0.19% increase.

Later in the day, the U.S. is to release data on producer prices and consumer sentiment.

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