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European Stocks Look for Inspiration

By Marco Hague

About this article:
European equity markets opened the Thursday trading session flat and soon after the regional indexes started declining reversed course and headed higher. This has been a roller coaster of a ride that has gone nowhere and also has created an unclear picture of market momentum and sentiment. The same swings in momentum were seen in the commodity market and in S&P 500 futures trading, which bounced from the highest values touched over the last few weeks of trading. Most European markets finished morning trade in the red, but as the afternoon session moved on traders are coming in to bid prices higher in an effort to get index numbers back into the green. Stocks in London, Frankfurt and Paris were trading marginally higher. S&P futures moved lower overnight on light trading volume, as has been the case in the whole 60%- run since March. It seems that...

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