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European stocks take a breather

FXStreet (Córdoba) - European stocks traded little changed Thursday, taking a breather following a sharp rally that led the Europe Stoxx 600 to a 6-year high earlier this week.

The Europe Stoxx 600 was up 0.13% at 348.19 Thursday after correcting from a 6-year high of 349.71 reached Tuesday.

Among country indexes, the UK FTSE 100 slipped 0.06% while the Germany's DAX 30 edged up 0.10%. The France’s CAC 40 (which opening was delayed by technical issues) rose 0.21%. Italy’s FTSE MIB was down 0.06% while Spain’s IBEX 35 edged up 0.12%.

In the FX market, the USD trades mixed in familiar ranges with the NZD as the star of the day following RBNZ hawkish statement. Gold edged up 0.09% to $1,262 an ounce, while crude oil rose 0.9% to a 3-month high of $105.45.

US index futures were also little changed, while Asian shares fell.

ECB Monthly report: Further action to be taken if inflation remains low for too long

In the June ECB monthly report published after last week's eventful meeting during which a package of easing measures was introduced, the Governing Council pledges to take further action should inflation remain at low levels for an extended period of time and is “unanimous in its commitment to using also unconventional instruments within its mandate.”
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