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13.03.2015 15:00

European stock markets First hour: Indices open steady

European stocks open steady on a light data day. The German DAX is heading for its 9th weekly gain, the longest winning streak in 17 years. The weaker euro is supporting export-heavy sectors.

Worries over Greece continue to weigh but equities remain supported by the ECB's quantitative easing started on Monday. The ECB is buying bonds worth 60 billion euros a month.

The commodity heavy FTSE 100 index is currently trading -0.10% quoted at 6,754.19, down for the week. Germany's DAX 30 added +0.17% trading at 11,818.86, slightly below its all-time high set at 11,845.9. France's CAC 40 is currently trading at 4,987.67 points, +0.17%.

Market focus

  • Irish PM Varadkar: Ideally Would Get Brexit Deal By Year End
  • The sentix overall index for Euro Area fell again in November from 11.4 to 8.8 points
  • UK consumer credit increased by £0.8bn in September
  • Spanish unemployment continues at its lowest levels in the last 9 years
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