European Stocks Grasp For Gains After Dismal Losses In Asia

Simone Foxman 

 38 minutes ago

butler.corey via Flickr

Stocks are higher in Europe just a few minutes into the trading day after a day of nasty losses in Asia. 

The DAX is trying to build on gains of +0.30% and the CAC 40 is up +.21%.

 
U.S. futures are also slightly higher.

Analysts are blaming investor concerns about weak data for that Asian slump. The Nikkei fell 1.11% and the Hang Seng closed down a similar 1.14%.

It's a light day for data today, so in the absence of some unexpected action investors will probably be focused on lingering concerns about a hard landing in China and European woes

European Stocks Plummet, Booking Their Biggest Losses Since November

Simone Foxman

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Angie Vianzon on Flickr

European stocks dove today in what constitutes their biggest drop since November of last year according to Bloomberg.

• DAX: -3.08%
• CAC 40: -3.27%
• FTSE 100: -1.66%

This marks an about-face from recent positive sentiment in the markets. Last week's three-year LTRO—while narrowly beating expectations—didn't really impress anyone, and renewed worries about Portugal and Spain are adding to continued preoccupations about Greece.

Meanwhile, Spanish and Italian bond yields jumped today by 17 bps and 14 bps, respectively, both topping the 5% mark.
Check out the jump in Spanish 10-year yields today:

European Stocks Are Flat As Global Rally Takes A Break

Sam Ro 

Stock markets across Europe are mixed early in the trading session.

Britain's FTSE 100 is down 0.3%.

Germany's Dax 30 is up 0.1%.

France's CAC 40 is flat.

Spain's IBEX 35 is up 0.2%.

Italy's FTSE MIB is down 0.4%.

Commodities trading giant Glencore is in talks to merge with mining company Xstrata. Shares of both companies are soaring.

Otherwise it's pretty quiet in Europe.