European Daily Market Review

European markets tumbled today as investors continue to ponder last week’s central bank policy reports from Europe and the U.S.

The benchmark Stoxx 600 fell 0.05% at 9:40 a.m. London time as Monday’s lackluster performance continued.

Travel stocks soared 0.75% while mining stocks lost 0.6%.

The German DAX gained 44.80 or 0.25% from 18,306.

The French CAC-40 inclined 1.33 or 0.02% from 8152. FTSE-100 slipped 8.63 or 0.11% from 7,908.

Grocery delivery service Ocado advanced 2.7% after declaring a10.6% year-on-year revenue rally.

German consumers came slightly above in March, though the recovery in sentiment is still into a slow motion.

Hungary is very likely to move to a lower gears the rate of its rate reductions. This is the case amid downfalls of the forint limits.

The National Bank of Hungary is very likely to drops its benchmark interest rate by 75 basis points to 8.25%.