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16 May 2014
Markets, USD retreat post-data
FXStreet (Edinburgh) - Mixed US docket is weighing on the markets on Friday, driving the main indices to close the week with losses.
DowJones is losing 0.08% seconded by the S&P500, 0.02% and the Nasdaq, 0.15%. Positive results from the US housing sector were eclipsed by a pullback in the consumer sentiment tracked by the Reuters/Michigan index, keeping the sentiment subdued. The DXY, which tracks the dollar against its major rivals, is losing ground for the third consecutive session, currently clinging to the 80.00 handle.
Bourses in the Old Continent closed mostly with gains, leaving behind geopolitical jitters and mixed US data. The DAX was the sole loser, down 0.28% for the day while the IBEX35 advanced 1.10% followed by the CAC40, 0.26% and the FTSE100, 0.22%. The EUR/USD is struggling to keep the 1.3700 handle amidst the re-emergence of selling interest.
Speaking about commodities, the barrel of WTI advances 0.6% just above the $102.00 while the ounce troy of the precious metal is almost unchanged around $1,295.
DowJones is losing 0.08% seconded by the S&P500, 0.02% and the Nasdaq, 0.15%. Positive results from the US housing sector were eclipsed by a pullback in the consumer sentiment tracked by the Reuters/Michigan index, keeping the sentiment subdued. The DXY, which tracks the dollar against its major rivals, is losing ground for the third consecutive session, currently clinging to the 80.00 handle.
Bourses in the Old Continent closed mostly with gains, leaving behind geopolitical jitters and mixed US data. The DAX was the sole loser, down 0.28% for the day while the IBEX35 advanced 1.10% followed by the CAC40, 0.26% and the FTSE100, 0.22%. The EUR/USD is struggling to keep the 1.3700 handle amidst the re-emergence of selling interest.
Speaking about commodities, the barrel of WTI advances 0.6% just above the $102.00 while the ounce troy of the precious metal is almost unchanged around $1,295.