10 Jul 2014
US stocks trim losses, Europe ends sharply lower
FXStreet (Córdoba) - Wall Street is falling on Thursday but in the last hours trimmed losses. European markets finished lower amid risk aversion.
The Europe Stoxx 600 lost 1.16% on Thursday; among country indexes, France’s Cac 40 lost 1.35%, while UK FTSE 100 declined 0.69% and Germany's Dax fell 1.52%. In Wall Street, the Dow Jones was down 0.45% at 16,911 rebounding from 16,805 while the Nasdaq was falling 0.25%.
Fear over financial turmoil in Portugal weighed on stocks. In the US, economic data was positive on Thursday with initial jobless claims falling by 11,000 last week to 304,000; analysts were expecting a modest rise.
Among currencies, the Yen was so far the best performer, together with the US dollar, while the Euro was falling in the market. Despite risk aversion, gold and crude oil were rising, 1.10% and 0.05% respectively.
The Europe Stoxx 600 lost 1.16% on Thursday; among country indexes, France’s Cac 40 lost 1.35%, while UK FTSE 100 declined 0.69% and Germany's Dax fell 1.52%. In Wall Street, the Dow Jones was down 0.45% at 16,911 rebounding from 16,805 while the Nasdaq was falling 0.25%.
Fear over financial turmoil in Portugal weighed on stocks. In the US, economic data was positive on Thursday with initial jobless claims falling by 11,000 last week to 304,000; analysts were expecting a modest rise.
Among currencies, the Yen was so far the best performer, together with the US dollar, while the Euro was falling in the market. Despite risk aversion, gold and crude oil were rising, 1.10% and 0.05% respectively.