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European stocks mixed after G20, amid Ukraine tensions

AFP | Monday, 24 February 2014


LONDON: European stock markets diverged Monday as investors reacted to a weekend meeting of the world's 20 major economies, eurozone data as well as the unrest in Ukraine.
London's benchmark FTSE 100 index fell 0.30 per cent to stand at 6,817.82 points around midday in the British capital, weighed down by news that earnings at HSBC bank had undershot analyst forecasts.
Frankfurt's DAX 30 slipped 0.13 per cent to 9,644.22 points, while the CAC 40 in Paris edged up 0.08 per cent to 4,384.37 compared with Friday's closing values
Madrid's IBEX 35 index advanced 0.32 percent and Milan's MIB dropped 0.57 percent.
The euro slipped against the dollar, despite strong German economic data.
The Ukrainian hryvnia fell to a five-year low of 9.3600 to the dollar.
Meanwhile: Wall Street opened on a firm footing, with the main Dow Jones index gaining 0.11 per cent and the Nasdaq up 0.21 per cent.
The European single currency stood at $1.3717 in early afternoon trading, unchanged from the level late in New York on Friday.
On the London Bullion Market, the price of gold hit a four-month high at $1,336.99 an ounce from $1,323.25 on Friday.
Meanwhile: Asian stock markets lost ground on Monday, with investors little moved by the G20's weekend commitment to boost global growth by $2.0 trillion over five years.
After a disappointing lead from Wall Street Friday, markets were looking to a string of US data in the week ahead for clues about the health of the world's largest economy, with figures due out on housing, consumer confidence and GDP growth.