European shares trade mixed in premarket

Wednesday, 30. January 2019 08:57

Investors took the DAX stock index lower before the bell on Wednesday after Siemens AG said its earnings halved in the past quarter on an annual scale and disappointed with guidance. The German equity gauge was down 0.18%.

Markets were upbeat in trading in other main European exchanges. The FTSE 100 jumped 0.55% and the CAC 40 was up 0.2%, while the Euro Stoxx 50 moved barely above the flat line. The Parliament of the United Kingdom have passed a nonbinding amendment aimed at preventing Brexit without an arrangement with the European Union. Novartis also released results, showing a fall of 40% in profit.

Gold advanced 0.26% at 8:56 am CET to $1,314.77 per ounce, compared to the jump in silver of 0.66% to $15.94. The session highs, $1,315.55 and $15.98, respectively, were the strongest points since May 14 and July 13. The euro was flat at $1.14346 and £0.8743 and the pound was virtually unchanged at $1.3079 as markets brace for the monetary policy decision from the United States Federal Reserve.

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