15 Apr 2014
Geopolitical tensions weigh on markets
FXStreet (Edinburgh) - Weaker US data plus renewed geopolitical jitters around Ukraine are dragging the main indices lower on Tuesday.
While US consumer prices exceeded expectations, the confidence index from the housing sector gauged by NAHB disappointed investors, as well as the Empire State index (1.29 act. vs. 8.0 exp.). At the moment, DowJones is losing 0.52%, followed by the S&P500, 0.66% and the Nasdaq, 1.74%. The greenback, tracked by the DXY, is partially recovering the ground lost yesterday, hovering near 79.70.
Bourses in the Old Continent closed with losses following the grim scenario in Ukraine. The DAX was the worst performer, retreating 1.77% and followed by the CAC40 and the FTSE100, down 0.89% and 0.64%, respectively. The shared currency remains resilient in the vicinity of the 1.3800 handle after printing fresh intraday peaks near 1.3840.
In the commodities’ land, the ounce troy of gold is testing the $1,300 mark, losing almost 2%. The barrel of WTI is following suit, retreating 0.25% around $103.80.
While US consumer prices exceeded expectations, the confidence index from the housing sector gauged by NAHB disappointed investors, as well as the Empire State index (1.29 act. vs. 8.0 exp.). At the moment, DowJones is losing 0.52%, followed by the S&P500, 0.66% and the Nasdaq, 1.74%. The greenback, tracked by the DXY, is partially recovering the ground lost yesterday, hovering near 79.70.
Bourses in the Old Continent closed with losses following the grim scenario in Ukraine. The DAX was the worst performer, retreating 1.77% and followed by the CAC40 and the FTSE100, down 0.89% and 0.64%, respectively. The shared currency remains resilient in the vicinity of the 1.3800 handle after printing fresh intraday peaks near 1.3840.
In the commodities’ land, the ounce troy of gold is testing the $1,300 mark, losing almost 2%. The barrel of WTI is following suit, retreating 0.25% around $103.80.