8/22/2016, 11:51 AM (Source: TeleTrader)
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Markets in Europe in the green after flat open

After opening with minimal losses on Monday morning, stock markets in Europe traded higher a couple of hours into the day. Traders are still cautious as United States Federal Reserve Chairwoman Janet Yellen is due to speak at the annual Jackson Hole summit later in the week and possibly indicate when the next interest rate hike is likely.

The DAX increased 0.5% at 11:38 a.m. CET.

The Stoxx 50 was up 0.46% at 11:39 a.m. CET, with banks doing well. Meanwhile, energy companies were among the biggest losers of the index as investors started doubting an oil output freeze is possible soon.

French CAC 40 rose 0.42% at 11:41 a.m. CET. Financials and the automotive industry gained the most in the index.

The FTSE 100 was the only major index in the red, down 0.23% at 11:28 a.m. CET as energy and mining giants fell significantly. Fresnillo lost 6.65% and Randgold fell 5.03% at 11:45 a.m. CET.

The euro decreased 0.28% against the dollar to go for 1.1293 at 11:48 a.m. CET.


Baha Breaking News (BBN) / VP