European Stocks Trading Lower As Germany Challenges OMT

European stocks pared their gains as Germany’s top court set a date for its ruling on the euro zone’s permanent rescue fund. U.S. index futures were little changed, while Asian shares climbed.

The Stoxx Europe 600 Index increased 0.1 percent to 323.2 at 9:02 a.m. in London after earlier rising as much as 0.3 percent. The gauge has advanced 0.3 percent this week. The equity benchmark rallied 1.5 percent yesterday as the European Central Bank left interest rates at a record low. Standard & Poor’s 500 Index futures added 0.2 percent today, while the MSCI Asia Pacific Index gained 1.4 percent.

“European equities are set to open marginally higher,” Jonathan Sudaria, a trader at Capital Spreads in London, wrote in an e-mail. “However, as is usual for a non-farm Friday, movement ahead of the figure is expected to be muted. Equities have had a nice bounce over the last few days, but traders will need to see how the jobs and unemployment data comes in to determine if it’s a genuine turn around in sentiment or just a dead cat.”


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze

centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu