As of January 28, European stocks were almost flat. While FTSE 100 rose by 0.15%, reaching 6,294.41, DAX fell by 0.32% to 7,833.0.
The following news that supported the European stock markets was:
- The U.S. durable-goods orders data came higher than estimates and pending home sales decreased more than expectations, which led the higher optimism for the world’s largest economy. Note that U.S. is the largest trading partner for Europe
- Earnings data related to Chinese industrial companies in December showed us a positive improvement in China’s economy