This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

European Stocks Trade Sideways

NEW YORK ( TheStreet) -- Equity markets once again Wednesday saw a very slow session in European trading. Asia stocks ended mixed.

The major European indexes posted some small gains near the opening bell due to the activity seen in the futures market, but since then the European indices moved mostly sideways. The S&P 500 futures have a similar story line, moving less than 4 points since the day started.

European Trade: Almost every market is trading in the green in Europe, helped by the activity seen in the futures market. Until now, the gains are led by the Nordic and Eastern European markets, which are up somewhere around 1%. At the same time, the U.K.'s FTSE and the German DAX have advanced only 0.2%.

The DJ STOXX 600 stock index, which tracks the performance of the most representative 600 European companies, advanced 0.5% in Wednesday morning trade. Since the beginning of the current quarter, the DJ STOXX 600 index advanced nearly 20%, the most since 1999, something that denotes the depth and breadth of the current rally.

S&P Futures: The S&P futures had a very small range overnight, moving up and down around the 1055 area. The futures index might gain some additional momentum throughout the U.S. open as the market is preparing for a calendar loaded with important news reports. To the upside, the next important resistance is in the 1060 area.

Sector Moves: Banks were trading below the break-even line in most of European trade, as a new round of earnings reports is approaching and some investors might be tempted to take profits ahead of what tends to be a very volatile period. Insurers were higher in most markets, with Allianz (AZ) up 3%, Swiss Re and Zurich Financial advancing 1.5%, and with Aviva up a little more than 4%. Technology stocks a traded mostly in the green as well, with Infineon up 6.0%, being the best performer in the German DAX.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.88 0.00%
FB $105.74 0.00%
GOOG $748.28 0.00%
TSLA $218.25 0.00%
YHOO $32.96 0.00%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs