European bourses open lower short of economic drivers

Source: WBP Online
© FP
Markets in Europe started the session lower on Monday, resulting from the lack of economic indicator data releases, and kept the volumes low as the German market was closed for trading. The UK FTSE 100 index fell 0.5% and showed 6 110.23 points, along with the French CAC 40 which dropped 0.7% to trade at 4 290.71 points. The European Euro Stoxx 50 index, however, plunged 0.6% to show 2 938.54 points.
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Mon, 16 May 2016 09:23:02 GMT

Bullion spikes above $1,280 level on Monday

Gold surpassed its $1,279.20 resistance level and traded at $1,282.80 by 7:30 GMT on Monday. Surpass of this resistance indicates, that Gold could move towards $1,285 and afterwards $1,300 levels. This week markets will watch the Federal Reserve minutes, CPI and industrial production releases, as this data will influence the Buck and subsequently gold.

Mon, 16 May 2016 08:23:23 GMT

Asian stock markets close in green zone on Monday

Most Asian stocks closed trading session on Monday with growth, as Japanese exporters utilized a falling yen and Chinese investors analysed newest economic data. In Japan Nikkei 225 index ended day's trading 0.3% higher at 16,466.40 points and Topix surged 0.1% to 1,321.65 points and in China Shanghai Composite added 0.5% to 2,840.61, Shenzhen Composite gained 1.2% to 1.805.07.

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