26 Mar 2014
Markets in red on Obama comments
FXStreet (Edinburgh) - US equities are trading on the back footing on Wednesday, following comments by President B.Obama regarding sanctions to Russia.
Better-than-expected data from US Durable Goods Orders and Markit PMI were eclipsed by Obama’s appreciations, dragging the main indices lower: DowJones is retreating 0.23%, followed by the S&P500, 0.25% and the Nasdaq, 0.77%. The greenback is struggling to regain the 80.00 handle, although posting gains for the second straight session and trimming Monday’s pullback.
Rumours about the likeliness of further easing by the ECB in order to counteract deflationary risks pushed indices higher in the Old Continent. The IBEX35 advanced 1.5% followed by the DAX, 1.18% and the CAC40, 0.94%. The single currency remains in levels just shy of 1.3800 the figure, with the EUR/USD meandering around 1.3780-1.3810 so far.
In the commodities’ space, the barrel of WTI is up over 1% above the $100.00 mark while the ounce of gold is retreating almost 0.9% below the $1,300 handle.
Better-than-expected data from US Durable Goods Orders and Markit PMI were eclipsed by Obama’s appreciations, dragging the main indices lower: DowJones is retreating 0.23%, followed by the S&P500, 0.25% and the Nasdaq, 0.77%. The greenback is struggling to regain the 80.00 handle, although posting gains for the second straight session and trimming Monday’s pullback.
Rumours about the likeliness of further easing by the ECB in order to counteract deflationary risks pushed indices higher in the Old Continent. The IBEX35 advanced 1.5% followed by the DAX, 1.18% and the CAC40, 0.94%. The single currency remains in levels just shy of 1.3800 the figure, with the EUR/USD meandering around 1.3780-1.3810 so far.
In the commodities’ space, the barrel of WTI is up over 1% above the $100.00 mark while the ounce of gold is retreating almost 0.9% below the $1,300 handle.