European stocks trade mixed, FTSE up 0.30%

FXStreet (Mumbai) – The stock markets across Europe trade mixed, while London’s FTSE rallied on the back of strength in banking stocks.

As of writing, the pan-European blue chip Euro Stoxx 50 index was down 0.21% at 3497.50. Euro Stoxx 600 was trading in the sideways manner around 385.74 levels. Among regional indices, Germany’s DAX was down 0.40%, while France’s CAC was down 0.47%. Italy’s FTSE MIB was flat.

London’s FTSE was up 0.40% due to rally in the banking stocks. Shares in Barclays and RBS rallied more than 2% after the banks passed BOE’s stress tests.

Meanwhile, shares in Germany’s Linde fell more than 14%; its steepest fall in 17 years; after US healthcare cuts and a drop in industrial demand forced the German gas supplier to reduce earnings targets for the third time in a year.

China’s manufacturing came in better than forecast, while the official purchasing managers’ index fell. Consequently, the miners are trading mixed across Europe.

The stock markets across Europe trade mixed, while London’s FTSE rallied on the back of strength in banking stocks.

(Market News Provided by FXstreet)