FXstreet.com (Barcelona) - European stocks are rising as Goldman Sachs Group report has beat market expectations and it has announced that the bank will raise 5 billion to repay federal rescue funds. Market has been lead by financials, Barklays and Deutsche bank are advancing more than 2.5%.
EUROSTOXX are rising 0.98%, DAX rises 0.76%, AEX 0.94%, CAC 40 goes up 0.59% and IBEX35 1.37%
The EUR/USD falls 0.70% along today's session, from the opening price at 1.3374 to the currently 1.3275, after yesterday's 1.68% increases against USD.
USD/JPY moves down below 100.00 level, currently 99.60 having lost 0.40% from the opening price at 100.05. GBP/USD is currently fluctuating below 1.4900 level, having lost 0.02% from the opening price at 1.4848.
According to Raivis Zile, Analyst at Dukascopy Swiss FX Group, all eyes are on earning reports: Currency players will now watch for a series of first quarter earnings results from other U.S. financial firms including JPMorgan Chase due out on Thursday and Citigroup on Friday. If their financial performance disappoints investors, causing global stocks to decline, the Euro could fall to JPY130.00 and the greenback to JPY99.00 over the near term, traders said.
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