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    Europe awaits Yellen

    European stocks turned higher on Monday following a cautious lead from Asia and a shaky start to the trading session.

     Miners were among the best performers on the index; Rio Tinto was trading 3.78 percent higher, BHP Billiton was up 3.6 percent and similar increases were seen in shares of Anglo American, Glencore and Antofagasta.

    European shares followed the mixed start to the week seen in Asia on Monday where Japanese shares took a tumble. The mixed trade came after a disappointing May jobs report in the U.S. on Friday weakened the dollar and bolstered regional currencies, including the yen. The numbers cast doubts over the strength of the economic recovery and a possible Federal Reserve rate hike in June or July. Markets are awaiting a speech by Fed Chair Janet Yellen later on Monday for further clues on the central bank’s direction of travel.

    Currently: 

    DAX: 0.3%

    FTSE100: 0.97%

    CAC40: 0.17%

    SP500 fut.: 0.05%

     

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


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