5 Nov 2013
Markets mixed despite better US data
FXstreet.com (Edinburgh) -Markets in the US are trading mostly flat to slightly negative on Tuesday, despite the better-than-expected US data from the ISM Non-Manufacturing and the Economic Optimism gauged by IBD/TIPP. The world’s reserve is recovering ground lost on Monday, hovering over the area of 80.65/70, just below session highs at 80.80. At the moment DowJones is up 0.02% followed by the Nasdaq, 0.12% while the S&P500 is retreating 0.10%.
The main indices in the Old Continent posted losses after the European Commission trimmed its economic growth forecast for the 17-nation bloc, remarking at the same time that the jobless rate would remain resilient at high levels. The CAC40 led the losers, down 0.82% and followed by the IBEX35 and the DAX, retreating 0.79% and 0.31%, respectively. The demand for the EUR remained subdued, extending the recent downside towards multi-week lows near 1.3450.
In the commodities’ space, the barrel of WTI plummets 1.37% at $93.32 while the ounce troy of gold is losing 0.42% at $1,309.
The main indices in the Old Continent posted losses after the European Commission trimmed its economic growth forecast for the 17-nation bloc, remarking at the same time that the jobless rate would remain resilient at high levels. The CAC40 led the losers, down 0.82% and followed by the IBEX35 and the DAX, retreating 0.79% and 0.31%, respectively. The demand for the EUR remained subdued, extending the recent downside towards multi-week lows near 1.3450.
In the commodities’ space, the barrel of WTI plummets 1.37% at $93.32 while the ounce troy of gold is losing 0.42% at $1,309.