To lift European markets affected by two pieces of news: the death of Osama bin Laden and news on the production data

European market started the week on a positive note, with growth for the period until the last 2 mesyatsev.Ne role in this played the news of the death of Osama bin Laden, is also good news about production activity figures in the EU.
On wound Forex euro and pound bounce back after a jump in the dollar in overnight Asian session.
Eurostoxx 50 Index increased by 0,3%, while Germany's DAX index advances 0.8%, French CAC index added 0.35%. In the UK FTSE index remained virtually flat, two hours after the first call.
The increase in risk appetite in the Asian session after the publication of news about the destruction of "terrorist number one" killed during the CIA operation in Pakistan, and the prospect of resolution of geopolitical tensions in the Middle East.
In the macroeconomic front, European PMI rose to 58.0 in April from 57.5 in March, beating expectations of experts the weak increase to 57.7.

The loss of the dollar of their benefits:

EUR / USD 1,4865 fell in the Asian session after news of the death of bin Laden's support - at 1.4760 in early European session, which will then be restored until the region 1.4800 1.4825.
GBP / USD recovery to 1.6620/25 low on Friday was a maximum of 1.6740 in the Asian sessii.Para fell to 1.6640 in early London session, reaching 1.6700.
USD / JPY fell to a fresh-month low of 81.00 in early Asian session, and the couple jumped up to stop at 81.70 to a high Friday.

Translate this page