Sentiment in Euroland remained subdued, as Greece continues to be on centre stage, weighting on the single currency and other risk-associated asssets. In the data front, the relevant ZEW survey in Germany and the bloc composite showed softer-than-expected prints, hinting the likeliness that Germany could slip to recession. After hitting session lows in the boundaries of 1.2660, the euro has managed to climb as high as 1.2728 on rumors involving Greek, just to ease terrain soon after and consolidates above 1.2700
European stocks left a ‘sea of green’ after the close, with the Ibex35 leading the flock (+1.66%) followed by the CAC40 (+0.56%) and the FTSE100 (+0.33%).
In the meantime, the price for barrel of WTI is retreating 0.26% at $85.35/bbl and Gold is following suit, falling 0.23% in levels just shy of $1,730/oz.