7 Apr 2014
Markets in red, earnings eyes
FXStreet (Edinburgh) - Equities in the US trading floor are on the back footing on Monday, while market participants wait for the corporate earnings reports.
Expectations for lower earnings are weighing on investors’ sentiment at the beginning of the week, dragging the main indices to a negative start: DowJones is losing 0.82% followed by the S&P500, 0.97% and the Nasdaq, 1.26%.
The main bourses in Euroland closed in a ‘sea of red’ following the selling pressure in the US markets, with the German DAX the worst performer, retreating 1.91% ahead of the FTSE100, 1.09% and the CAC40, 1.08%. The EUR/USD recovered part of last week’s sell-off, closing the session in the upper band of today’s range around 1.3740.
In the commodities’ space, the barrel of WTI is down 0.56% around $100.50. Same path is following the ounce troy of gold, down 0.45% just below the $1,300 handle.
Expectations for lower earnings are weighing on investors’ sentiment at the beginning of the week, dragging the main indices to a negative start: DowJones is losing 0.82% followed by the S&P500, 0.97% and the Nasdaq, 1.26%.
The main bourses in Euroland closed in a ‘sea of red’ following the selling pressure in the US markets, with the German DAX the worst performer, retreating 1.91% ahead of the FTSE100, 1.09% and the CAC40, 1.08%. The EUR/USD recovered part of last week’s sell-off, closing the session in the upper band of today’s range around 1.3740.
In the commodities’ space, the barrel of WTI is down 0.56% around $100.50. Same path is following the ounce troy of gold, down 0.45% just below the $1,300 handle.