• / Free eNewsletters & Magazine
  • / My Account
Home>UPDATE: European stocks close mixed as euro weakens

UPDATE: European stocks close mixed as euro weakens

UPDATE: European stocks close mixed as euro weakens

09/26/2017

By Sara Sjolin, MarketWatch

Euro sinks to 10-week low against the pound

European stocks ended mixed on Tuesday as the euro softened a second straight session following Germany's general election on Sunday and as traders got the first opportunity to react to the latest threat of armed conflict in the Korean Peninsula.

The Stoxx Europe 600 index ended marginally higher at 384.03, after swinging between small gains and losses throughout the day.

Most country-specific indexes were also volatile after North Korea's foreign minister late in Monday's session claimed the U.S. has declared war on the isolated state (http://www.marketwatch.com/story/north-korean-official-says-us-has-declared-war-2017-09-25-13103598).

That has left Pyongyang with "every right to make countermeasures, including the right to shoot down U.S. strategic bombers, even if they are not yet inside the airspace border of our country," the foreign minister said.

"European equity markets are still suffering from low volatility. Trading ranges have been low because investors are cautious of geopolitical risks such as North Korea, the German election and the Catalonian independence referendum," said David Madden, market analyst at CMC Markets UK, in a note.

"These issues are hanging over the markets and the impact is a lack of bullishness rather than out and out fear. It is as if dealers are content to remain in wait and see mode," he added.

©2017 Morningstar Advisor. All right reserved.