European stock and indexes are multidirectional today. Some indexes saw a major decline. Today’s housing market report is expected to be negative.
· Dow Jones Euro Stoxx 50 dropped 0,20% down to 2425,53.
· FTSE 100 (UK) saw a minor decline (-0,14%) down to 5832,90.
· CAC 40 (France) depreciated by 0,19% down to 3442,64.
· DAX lost 0,06 of its value and reached 6942,46.
The stocks of mining companies are bullish: BHP Billiton gained 0,6%, Vedanta Resources gained 1,4%.
The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100. The experts say that the price probably keeps making a zigzag retracement after completing the recent rally. After consolidation, we may see the price going down to 5822-5813.
