European Stocks Have Mixed Results
Trading today across major European stock markets remained mixed, after ongoing fears as to the health of the economy in the US.
Markets across Europe produced a mixed bag of results at the closing bell today, as investors are still struggling with US economic issues when making their investment decisions.
In London, the FTSE 100 index of leading shares had shown a slight increase on the day by the halfway stage.
The German DAX, an index comprising the top 30 companies within Germany, reported over a tenth of one percent growth over the day, whilst the CAC in Paris felt a decline of around half a percent on trading of its top 40 company securities.
The DJ Euro Stoxx, which operates a Eurozone index of 50 company securities overall reported a loss on the index over today’s trade, closing down almost two fifths of a percent at the closing bell.
Meanwhile, the Euro remained strong against the dollar, as it continues to weaken against world economies, leading to beneficial imports throughout the eurozone from the US.
However, the strength of the Euro in comparison to the dollar is still hurting reverse trade, with exports to the US from within the Eurozone becoming increasingly less competitive.
Many analysts have criticized economic management within the US over the last few years, citing the widespread effect of the world’s largest economy’s under performance on world business as a major factor for global economic frailty.
With ongoing problems in the US housing market and sub-prime lending market looking set to continue, there appears to be no immediate route out of the situation for the US economy.
Experts have predicted that markets across Europe will continue to see rocky trading throughout the rest of this week, unless any new information or economic indicators from within the US economy point favourably to a quick turnaround.
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