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30 Jul 2014
Wall Street mixed, investors await FED
FXStreet (Córdoba) - US stocks are trading in mixed territory as investors await the FOMC statement. European markets finished lower after a last hour decline. The US GDP report pushed stocks to open with gains but then pulled back, trimming gains.
After ADP and GDP numbers, investors attention turned toward the FED and also to Friday’s NFP. “The Fed are likely to acknowledge this stronger tone to some extent in tonight’s FOMC statement, but a more significant shift in language is probable at the September FOMC. We continue to expect the Fed’s tapering to conclude in October, and look for the Fed to start hiking rates in April”, said James Knightley from ING
In Europe, the FTSE 100 lost 0.51%, the Dax declined 0.62% and the Cac 40 plunged 1.23%. While in Wall Street, the Dow Jones was falling 0.30% and the Nasdaq was up 0.25%.
The US dollar is trading at the highest level in 4 months as it raises across the board with USD/JPY near 103.00 and the EUR/USD below 1.3400. Gold was trading below $1,300, down 0.27% while crude oil was practically flat, hovering around $100.70 a barrel.
After ADP and GDP numbers, investors attention turned toward the FED and also to Friday’s NFP. “The Fed are likely to acknowledge this stronger tone to some extent in tonight’s FOMC statement, but a more significant shift in language is probable at the September FOMC. We continue to expect the Fed’s tapering to conclude in October, and look for the Fed to start hiking rates in April”, said James Knightley from ING
In Europe, the FTSE 100 lost 0.51%, the Dax declined 0.62% and the Cac 40 plunged 1.23%. While in Wall Street, the Dow Jones was falling 0.30% and the Nasdaq was up 0.25%.
The US dollar is trading at the highest level in 4 months as it raises across the board with USD/JPY near 103.00 and the EUR/USD below 1.3400. Gold was trading below $1,300, down 0.27% while crude oil was practically flat, hovering around $100.70 a barrel.