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2 Aug 2013
US markets trading mixed on jobs report, dollar tumbles
FXstreet.com (Edinburgh) -Equities in the US trading floor are mixed at the end of the week, retreating from recent historic highs after the US Payrolls disappointed investors. The US economy added 162K jobs during July, missing the median at 184K. Factory Orders also came in short of expectations, adding to the generalized pessimism. The greenback, gauged by the US Dollar Index, is eroding part of yesterday’s gains, returning to sub 82.00 levels although closing the week in positive ground. At the moment the Nasdaq is up 0.12% while the DowJones and the S&P500 are retreating 0.06% and 0.04% respectively.
Bourses In Euroland closed mixed as well, although keeping 2-month highs after US employment data weighted on sentiment. The Spanish benchmark outperformed, advancing 0.40% and followed by the CAC40, up 0.07%. The FTSE100 and the DAX gave ground 0.51% and 0.05%, respectively. The single currency is back to the proximity of 1.3300 the figure after US data lifted the pair from the 1.3200/10 region. Of note, however, is the inability of the pair to close above the critical level on a daily basis.
In the commodities’ space, the barrel of WTI is trimming recent losses, down 1.13% at $106.67. The ounce troy of the precious metal is following suit, retreating 0.12% at $1,309.
Bourses In Euroland closed mixed as well, although keeping 2-month highs after US employment data weighted on sentiment. The Spanish benchmark outperformed, advancing 0.40% and followed by the CAC40, up 0.07%. The FTSE100 and the DAX gave ground 0.51% and 0.05%, respectively. The single currency is back to the proximity of 1.3300 the figure after US data lifted the pair from the 1.3200/10 region. Of note, however, is the inability of the pair to close above the critical level on a daily basis.
In the commodities’ space, the barrel of WTI is trimming recent losses, down 1.13% at $106.67. The ounce troy of the precious metal is following suit, retreating 0.12% at $1,309.