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3 Apr 2014
Markets in red, dollar in highs ahead of Payrolls
FXStreet (Edinburgh) - Equities in the US markets are trading on the back footing on Thursday, ahead of the key US Non farm Payrolls due tomorrow.
Poor results from the US docket – weaker ISM, wider trade deficit and higher Claims – are weighing on investors’ sentiment, dragging the indices lower. At the moment DowJones is losing 0.24% followed by the S&P500, 0.39% and the Nasdaq, 1.21%. The greenback, in terms of the DXY, is trading in multi-days highs around 80.50, extending the recent bounce.
Bourses in Euroland closed mostly in green with the exception of the FTSE100, down 0.15% for the day. A dovish tone and the mention of some sort of QE in today’s ECB meeting pushed indices higher, with the IBEX35 climbing 1.42% seconded by the CAC40, 0.42% and the DAX, 0.06%. The single currency is trading in the lower band of the range near 1,.3710, briefly dipping to sub-1.3700 levels post-Draghi’s presser.
In the commodities’ space, the barrel of WTI is up 0.7% above the $100.00 mark while the ounce troy of gold is deflating 0.4% below $1,290.
Poor results from the US docket – weaker ISM, wider trade deficit and higher Claims – are weighing on investors’ sentiment, dragging the indices lower. At the moment DowJones is losing 0.24% followed by the S&P500, 0.39% and the Nasdaq, 1.21%. The greenback, in terms of the DXY, is trading in multi-days highs around 80.50, extending the recent bounce.
Bourses in Euroland closed mostly in green with the exception of the FTSE100, down 0.15% for the day. A dovish tone and the mention of some sort of QE in today’s ECB meeting pushed indices higher, with the IBEX35 climbing 1.42% seconded by the CAC40, 0.42% and the DAX, 0.06%. The single currency is trading in the lower band of the range near 1,.3710, briefly dipping to sub-1.3700 levels post-Draghi’s presser.
In the commodities’ space, the barrel of WTI is up 0.7% above the $100.00 mark while the ounce troy of gold is deflating 0.4% below $1,290.