European trade ends mixed

Thursday, 28. April 2016 17:47

European stocks ended the trade mixed on Thursday, following the Bank of Japan's decision to leave its monetary policy unchanged. The BoJ move came as a surprise, since the bank’s governor Haruhito Kuroda had hinted last week that there may be more easing in order to counteract the yen's appreciation against the dollar. The yen has surged over 10% this year against the U.S. currency and over 6% versus the euro. On Wednesday, the United States Federal Reserve also left its monetary policy unchanged, and the suit was followed by the New Zealand's central bank.

The Stoxx Europe 600 closed up 0.09%.

The German DAX index closed up 0.14% at 10,313 points. Deutsche bank AG rose 3.92%, ThyssenKrupp AG added 3.17% and Volkswagen AG climbed up 2.09%. Munich Re fell 4.48%, the energy companies E.ON and RWE slid 1.92% and 1.44% respectively and the host of the trade Deutsche Boerse dropped 1.38%.

In Paris, the CAC 40 fell 0.25% to 4,547 points. ArcelorMittal jumped 6.65% and Airbus landed down 5.18%. The Euronext 100 inched down 0.10% by closing time.

Across the Channel, the FTSE 100 dipped 0.07% to close at 6,315 points. Legal & General lost 4.82%, ITV dropped 4.15% and Associated British Foods rolled down 3.29%. Mining sector enjoyed rise on higher precious metals prices: Anglo American surged 7.22%, Rio Tinto added 4.23% and Randgold Resources rose 2.97%. Rolls Royce climbed up 2.97%.

In Zurich, the Swiss Market Index inched up 0.03% to close at 8,099 points. Geberit finished up 5.11%, CS Group added 1.61% and UBS rose 1.20%. Swiss Life lost 2.91% and Syngenta slipped 2.41%.

In Milan, the FTSE MIB rose 1.19%, pulled up by Saipem jumping 12.20%, with Banco Popolare, Unicredit and other banks.

The Netherlands' AEX finished up 0.40%, and in Vienna the ATX added 0.60%.

The euro traded down 0.02% to the U.S. dollar, fell 0.32% against the U.K. pound, and was down 0.26% compared to the Swiss franc at 5:45 p.m. CET. Gold spot price rose 1.44% at $1,263.85 per fine ounce.

Brent oil added 0.92% to $47.62 a barrel and WTI rose 0.54% to $45.58 a barrel at ICE Europe by 5:45 p.m. CET.

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Image: EPA

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