15 Jul 2014
Wall Street recovers ground, Europe ends lower
FXStreet (Córdoba) - US stocks are moving off session lows while European markets finished with losses after important economic data and amid Yellen’s presentation in Congress.
In Europe, the FTSE 100 lost 0.54%, the Dax declined 0.65% and the Cac 40 retreated 1.04%. Economic data showed rising inflation in the United Kingdom and a decline in German investor confidence.
In the US, Janet Yellen signaled that rates will remain low and could rise sooner than expected if the labor markets improves more quickly than expected by FED officials. Greenbacks rose sharply with Yellen’s opening statement and is having the best day in weeks, despite weaker-than-expected retail sales data from May.
The Dow Jones is flat, around 17,055 after bottoming at 17,005 while the Nasdaq losses 0.45% and the S&P 500 0.16%. Crude oil is falling sharply, more than 1% trading below $100; gold lost $1,300 and is dropping for the second day in a row.
In Europe, the FTSE 100 lost 0.54%, the Dax declined 0.65% and the Cac 40 retreated 1.04%. Economic data showed rising inflation in the United Kingdom and a decline in German investor confidence.
In the US, Janet Yellen signaled that rates will remain low and could rise sooner than expected if the labor markets improves more quickly than expected by FED officials. Greenbacks rose sharply with Yellen’s opening statement and is having the best day in weeks, despite weaker-than-expected retail sales data from May.
The Dow Jones is flat, around 17,055 after bottoming at 17,005 while the Nasdaq losses 0.45% and the S&P 500 0.16%. Crude oil is falling sharply, more than 1% trading below $100; gold lost $1,300 and is dropping for the second day in a row.