Europe Roundup: Marts tread water
LONDON: Europe's leading stock markets treaded water yesterday as traders pored over key US data for clues on when the Federal Reserve will start scaling back its huge stimulus programme.
London's benchmark FTSE 100 index retreated 0.28 per cent to stand at 6,570.44 points in afternoon deals. But Frankfurt's DAX 30 added 0.07 per cent to 8,499.62 points while the CAC 40 in Paris drifted down 0.01 per cent to 4,106.51 points.
"In focus are the retail sales numbers and consumer sentiment from the US - with retail sales expected to be up, while the sentiment may have actually fallen," said Gekko Markets' Anita Paluch.
"Retail sales are so closely watched because they account for around 70 per cent of the US economy. They will be a key aspect when Fed decides whether to curb its purchasing programme." AFP