European Equities Slides 0.2 Pct , Investors Watchful Over Number of Upcoming Events

European Equities Slides 0.2 Pct , Investors Watchful Over Number of Upcoming Events

News 

FTSEurofirst 300 slipped 0.2 pct, having hit a fresh 13-month intraday high on Friday on enthusiasm over the ECB's bond-buying plan.

Investors are on careful watch over number of events expected in Europe during the week, including Germany's constitutional court ruling on the legality of the ESM

Quotes

"Our medium term view is still bullish for equity markets but in the short-term we see some consolidation as we await the ESM court decision in Germany, the outcome of elections in Holland and the FOMC meeting in the U.S.,"

"If we get larger than expected QE from the U.S. then it is good for the equity markets and risk assets, but if it is not large enough then momentum in equities could run out of steam,"

- Achim Matzke, European stock indexes analyst at Commerzbank

Source: InstaForex