European equities record modest gains

FXstreet.com (New York) - The European stock again traded higher Wednesday, modestly rising ahead of the FOMC later today.

European data in short supply

Earlier today in the EMU, Consutruction Output w.d.a. (YoY) fell -6.6% in April, compared to a figure of -7.3% previously. Finally, Construction Output s.a. (MoM) yielded +2.0% in April, improving from -1.8% previously.

Beginning with commodities, the prices of gold and silver are trading at session lows, trading more specifically at USD $1368.18 and $21.65 per oz. respectively. In addition, the price of crude is operating at USD $98.94/bbl Wednesday.

Equities record consecutive daily gains

Moving to indices and composites, the EURO STOXX 50 rose +0.25% as it settles in region of 2707.66, up +6.73 points in these moments. In addition, the FTSE 100 moved higher Wednesday, operating at 6377.58 ascending +3.37 points or +0.05% at the time of writing. Finally, the DAX has strengthened recently as well, trading in the zone of 8275.04 presently +0.55% after a movement of +45.53 points.