FXstreet.com (Barcelona) - European stock markets have opened the week with gains after investor's optimism was pushed up by Bernanke's words affirming its belief about a nearing economic recovery. Euro and Pound dropped from Asian session levels.
Eurostoxx 50 Index adds 0.85%, while German DAX index rises 0.81%, and the French CAC Index rises 0.61%. In the UK, the FTSE Index trades 0.86% above its opening level.
Ben Bernanke's possitive outlook on economy, who affirmed that economy is coming out of recession plus better then expected U.S. housing data have triggered an improvement of Investor's optimism in absence of transcendental macroeconomic data.
Euro and Pound pull down slightly
EUR/USD has pulled down to levels below 1.4300 on early European session, after having remained trading in a narrow range below 1.4350 during Asian session.
GBP/USD tested 1.6550 resistance area during Asian session which did not give way, and the pair has dropped below 1.6500 to drop to 1.6450 support level on early European session.
USD/JPY bounce at 93.45 low on Friday has extended to test 95.00 resistance during European session, the pair remains trading between 94.70 and 95.00.