Skip to Content
Market Update

European Stocks Choppy in Early Trade

Shares in Europe were trading flat, as the previous day's rally appeared to have paused for now, and with investors awaiting a monetary-policy decision from the European Central Bank.

At the time of writing, Britain's FTSE, France's CAC and Germany's DAX were trading 0.1% higher each.

Markets now eye a speech by U.S. President Barack Obama on jobs later today.

Bank shares were broadly higher with BNP Paribas rising 4.2% after it came out and issued a document allaying concerns over its liquidity situation. Credit Agricole, Deutsche Bank and Societe Generale were up between 0.6% and 2.1%.

Automakers BMW and Daimler declined 1.4% and 1.2%, respectively.

Shares of Home Retail Group Plc jumped 8.6% after the firm posted robust quarterly earnings. Victrex dropped 4% after declaring its results.

Sponsor Center