Monday, 9 December 2013

Europe Stocks Tread Water

  According to a report from the Wall Street Journal,european stocks were trading roughly flat Monday with little in the way of economic data to motivate investors following Friday's boost from U.S. employment data.
The pan-European Stoxx Europe 600 index was up 0.01% in midmorning trade. The benchmark closed at 316.50 on Friday, snapping a five-day losing streak. Markets in Europe had traded largely lower amid a string of data from the U.S. last week, but they broke that trend Friday after a monthly U.S. report showing stronger hiring, but at levels that weren't sufficient to heighten fears the Federal Reserve could taper its stimulus effort.

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