The European stock markets are going up this morning, after yesterday they closed at the lowest level for more than a month.
FTSE rising by 0.2%, the DAX adds 0.2% and the CAC rising by 0.1%.
The statistics office in France reported that the consumer price index rose in August. The index in August rose by 0.3% compared to July, and compared with the corresponding month last year it increased by 0.2%.
The data was in line with expectations.
Apple’s value is expected to be cut by 10 billion after the the European Commission ruled that tax haven of consumer electronics giant in Ireland is illegal, and ordered the company to pay retroactive taxes amounting Ireland 13 billion euros (14.5 billion dollars).
The stock drops by 1.7% in trading before the opening day on Wall Street.
Forex Market:
The Euro weakened by 0.2% against the US dollar to 1.118 dollars to the Euro.
The pound weakened by 0.3% against the US dollar to 1.309 dollars to the pound.
There are strong declines on European stock exchanges.
FTSE fell by 0.2%, the Dax by 0.9% and the CAC by 1%.
The European stock markets trade is conducted with rising prices following the trend in Asia and Wall Street, and after the release of figures in France who showing that unemployment fell below 10% for the first time 4 years.
The European stock markets trading is conducted with price declines and the Euro strengthened.
FTSE decreasing by 0.5% after eight days of gains, the CAC and DAX are also down by 0.5%.
The euro strengthened by 0.5% against the US dollar of 1.1236 dollars to the Euro.
The foreign exchange market:
The Euro rising by 0.1% against the US dollar and was trading around an exchange rate of 1.117.
The pound strengthened against the US dollar by 0.1% and traded at about 1.2936 dollars to the pound.
The European exchanges are in declines so far today before the publication of growth figures in the Euro zone.
Germany already posted encouraging growth data but they couldn’t pull the indices up.
The European stock markets trading day opened with declines, after five straight days of gains.
London decreasing by 0.4%, Frankfurt decreasing by 0.2%, Paris retreated by 0.6%.
The price of the WTI oil price jumps by 2.2% to $ 42.7 per barrel.
The US Dollar is unchanged against the Euro, at an exchange rate of 1.107 Dollars per Euro.
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