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24 Apr 2013
US markets retreat on weak US data, dollar tumbles
FXstreet.com (Barcelona) - Shares in the US markets are trading on the back foot on Wednesday, as poor data from Durable Goods Orders eclipsed upbeat earnings reports. The greenback, measured by the US Dollar Index, is posting marginal losses although keeping the 83.00 handle.
DowJones is down 0.32% followed by the S&P500 and the Nasdaq, losing 0.11% and 0.32%.
In the meantime, markets in Europe closed with gains against the backdrop of increasing hopes on a rate cut by the ECB, fuelled today after the poor IFO indicator in Germany.
The CAC40 led the winners, advancing 1.58% seconded by the DAX, 1.32% and the IBEX35, 1.21%.
The single currency remains anchored around the psychological mark at 1.3000 after hitting lows around 1.2950 post-IFO, climbing soon after to levels shy of 1.3040.
In the commodities space, the barrel of WTI is rallying 2.19% at $91.11 while the ounce troy of the precious metal advances 0.98% at $1,422.
DowJones is down 0.32% followed by the S&P500 and the Nasdaq, losing 0.11% and 0.32%.
In the meantime, markets in Europe closed with gains against the backdrop of increasing hopes on a rate cut by the ECB, fuelled today after the poor IFO indicator in Germany.
The CAC40 led the winners, advancing 1.58% seconded by the DAX, 1.32% and the IBEX35, 1.21%.
The single currency remains anchored around the psychological mark at 1.3000 after hitting lows around 1.2950 post-IFO, climbing soon after to levels shy of 1.3040.
In the commodities space, the barrel of WTI is rallying 2.19% at $91.11 while the ounce troy of the precious metal advances 0.98% at $1,422.