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European stocks lower before the G20 meeting

ArgusFX

European shares resumed lower, amid the investors and the traders paying attention to the finance ministers' and G20 meetings taking place today.

European shares and indices trade lower

Germany’s DAX 30 fell 0.37%, EURO STOXX 50 dropped 0.10%, and France’s CAC 40 declined 0.07%.

Germany's Commerzbank and Deutsche Bank appreciated 1.90% and 0.69%, and Societe Generale and BNP Paribas escalated 0.75% and 0.79% respectively.

Spain's BBVA and Banco Santander climbed 0.05% and 0.57% respectively, and Italy's Unicredit and Intesa Sanpaolo escalated 0.41% and 0.65%.

Gold trades weaker but close to 2-week highs

The precious metal, gold, traded lower, resuming close to its two-week highs zones due to the weaker, and out of strength, U.S. dollar.

On the New York Mercantile Exchange in the Comex division, gold futures for delivery in April traded at $1,226.05 declining 0.09%.

Copper futures traded to $2.662 a pound dropping 0.58%, silver futures to $17.882 a troy ounce falling 0.31%.

The U.S. dollar stabilized versus its counterparts toward five-week lows, as the FED's recent decision resumes having an impact on the greenback.

The EUR/USD traded to 1.0778 rising 0.11%, the GBP/USD to 1.2341 declining 0.14%, the USD/JPY stabilized at 113.31. The U.S. dollar index approached the 100.07 and remained almost neutral.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/european-stocks-lower-before-the-g20-meeting
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