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27 Mar 2014
Are markets showing signs of fatigue?
FXStreet (Edinburgh) -Mixed results from the US Q4 GDP – below consensus – and a multi month low from Initial Claims (311K) were ignored by markets, trading in the red territory so far.
As of writing, DowJones is retreating 0.11% followed by the S&P500, 0.26% and the Nasdaq, 0.55%. Moving forward to tomorrow’s docket, the Consumer Sentiment gauged by the Reuters/Michigan index and Personal Income/Spending will be in the limelight. The greenback, in terms of the DXY, has recovered the 80.00 handle, advancing for the third consecutive session so far.
Bourses in Euroland closed in a mixed tone following disappointing corporate reports with the IBEX35 leading the winners, up 0.57% and followed by the DAX, 0.03%. On the other side of the road, the FTSE100 retreated 0.26% ahead of the French benchmark, down 0.14%. The offered tone remains around the EUR, now bouncing off the area of 1.3730 to regain 1.3750/55.
In the commodities’ space, the barrel of light crude oil is up over 1% around $101.30 while the ounce troy of the precious metal extends its decline: down 0.8% near $1,290.
As of writing, DowJones is retreating 0.11% followed by the S&P500, 0.26% and the Nasdaq, 0.55%. Moving forward to tomorrow’s docket, the Consumer Sentiment gauged by the Reuters/Michigan index and Personal Income/Spending will be in the limelight. The greenback, in terms of the DXY, has recovered the 80.00 handle, advancing for the third consecutive session so far.
Bourses in Euroland closed in a mixed tone following disappointing corporate reports with the IBEX35 leading the winners, up 0.57% and followed by the DAX, 0.03%. On the other side of the road, the FTSE100 retreated 0.26% ahead of the French benchmark, down 0.14%. The offered tone remains around the EUR, now bouncing off the area of 1.3730 to regain 1.3750/55.
In the commodities’ space, the barrel of light crude oil is up over 1% around $101.30 while the ounce troy of the precious metal extends its decline: down 0.8% near $1,290.