Europe’s common currency strengthened and the dollar fell back in a lackluster trading session on Tuesday. European stocks erased a drop to trade sideways, while gold climbed.
The Stoxx Europe 600 Index was directionless as benchmark gauges across the region were mixed.
West Texas Intermediate crude started on the back foot but reversed during European hours.
Markets appear to be in a holding pattern, with investors seeking catalysts amid the summer slowdown. The focal point of this week looks set to be Friday’s U.S. inflation data, which may be key to the interest-rate outlook of the world’s biggest economy.
And here are the main moves in markets:
The Stoxx Europe 600 Index dipped 0.1 percent.
The U.K.’s FTSE 100 Index sank 0.1 percent.
Germany’s DAX Index rose less than 0.05 percent.
Futures on the S&P 500 Index decreased 0.1 percent.
Currencies
he euro increased 0.2 percent to $1.1817.
The Bloomberg Dollar Spot Index fell 0.2 percent.
Commodities
Gold gained 0.5 percent to $1,263.86 an ounce, the largest rise in more than a week.
West Texas Intermediate crude rose 0.2 percent to $49.47 a barrel.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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