1/4/2017, 6:25 PM (Source: TeleTrader)
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European stock indexes settle flat to higher

Main equity markets in Europe booked slight gains on Wednesday, where positive tones were for the most part stifled by slides in valuations of major retailers and the pharmaceutical sector. 

The pound rebounded from yesterday's lowest point versus the dollar since the end of October, trading 0.73% up at $1.2323 at 6:17 p.m. CET. Strengthening of the currency brings downward pressure on internationally oriented British companies. The FTSE 100 ended just 0.17% up 7,189.74 points, however it was the fifth session in a row that it reached the highest closing level in history. Fresnillo and Polymetal soared 4.65% and 3.94%, respectively, on fresh strength in precious metals.

The euro was 0.76% in the green, at $1.04814. The DAX finished virtually flat in Frankfurt, where Deutsche Bank had the best daily performance, adding 3.08%, against a drop of 2.01% in HeidelbergCement, landing at the bottom of the chart. The CAC 40 was also unchanged in the session. Accor led the winners camp with 2.27% in positive territory, while Renault fared the worst with a drop of 0.52%. The Italian FTSE MIB edged 0.27% up.

Breaking the News / IT