European Stocks Close Mixed as Investors Remain Cautious

By investors Hub

European markets are turning in a mixed performance on Wednesday, with most of the major averages in the region lingering near the unchanged line amid cautious moves by traders.

While the German DAX Index is down by 0.1 percent, the French CAC 40 Index is just above the unchanged line and the U.K.?s FTSE 100 Index is up by 0.2 percent.

A firm trend in commodities prices has raised hopes about global economic growth in the forthcoming year, but buying interest in most parts of the region remains somewhat subdued.

Information technology stocks are slightly lower on reports that Apple’s new iPhone X is generating weaker than expected demand.

No major economic reports are due from the zone during the week, but some data out of the U.S. is expected to make an impact on price movements over the next couple of sessions.