European Stocks Seen Range-bound

Quote.com Wednesday 1st June, 2011

(RTTNews) - European stocks may show a range bound movement on Wednesday after the sharp gains of the previous session, as traders digest mixed Asian cues and a strong lead from Wall Street overnight. A cautious mood may prevail as declines in Chinese and Australian manufacturing activity and downbeat U.S. data released overnight spark concerns over global growth. Asian markets swung between gains and losses on Wednesday as negative economic data and political uncertainty in Japan prompted investors to lock in some profits. The dollar fell against the yen and the euro, while metal prices eased amid continuing uncertainty about the outlook for the U.S. economy. Crude prices are little changed after rallying $2.11 a barrel on the New York Mercantile Exchange overnight.Data released tod...

Read more

Share this article:
Back to Australian Herald

Comments

  • No comments yet for this story

    • Have your say

    • By submitting your comment you agree to our terms and conditions

    Featured Story

    Warner reported for beaching Code of Behaviour

    Cricket Australia (CA) Sunday said David Warner has been reported for breaching their Code of Behaviour.

    Warner is alleged to have breached Rule 6 which is "Unbecoming behaviour, regarding comments posted ...

    News Survey

    Do you take the threat of North Korea seriously?

    View results

    On Facebook

    They said it

    Nothing will ever completely replace playing the game I love, however I feel like I'm starting a new adventure and I'm genuinely excited about what lies ahead. I'm fortunate to have been given many opportunities throughout my career and now I feel it's my time to give back.

    David Beckham

    The world's best known footballer was speaking after formally announcing his retirement.