European markets flat despite Spain downgrade |
| The Associated Press - May 31, 2010 |
European stock markets traded mostly flat Monday as investors shrugged off more sobering news about shaky government finances ahead of a busy schedule of U.S. economic data later in the week.
The CAC 40 index of leading French shares was down almost 3 points at 3,512.16 while Germany's DAX rose 38.47 points or 0.7 percent to 5,984.65. Spain's IBEX index fell 0.7 percent to 9,363.2.
Oil, meanwhile, rose above $74 a barrel, and the dollar gained against the yen and weakened against the euro.
Markets in the U.S. and Britain were closed for public holidays.
In an otherwise quiet session due to the U.K. bank holiday, investors remained focused on Europe's debt crisis. The French parliament is scheduled to go over a revised budget bill today ahead of its expected approval of France's share of the trillion dollar bailout for struggling member states.
Read Full Article from The Associated Press
- Posted: 2010-05-31 12:01:02
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
