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14 Aug 2013
US markets lower on Fed’s taper, Macy’s
FXstreet.com (Edinburgh) -Equities in the US trading floor are retreating on Wednesday, as earnings report from Macy’s Inc (M) disappointed investors. Adding to the grim scenario, renewed concerns about the timing of the Fed scaling back its monthly bond buying kept weighing on sentiment. The greenback, in terms of the US Dollar Index, is posting marginal losses around 81.70/75, reverting three day of gains. As of writing, DowJones is down 0.59%, followed by the S&P500, 0.35% and the Nasdaq, 0.23%.
Upbeat data from French, German and EMU GDP figures for the second quarter boosted the main indices, with the exception of the British benchmark, down 0.37% for the day. The CAC40 led the gains, up 0.53% and followed by the IBEX35, 0.35% and the DAX, 0.27%. Choppy session for the single currency, remaining apathetic after the euro zone finally emerged from recession, with the EUR/USD now stabilizing around 1.3255/60.
In the commodities’ realm, the ounce troy of gold is advancing 0.92% at $1,332 while the barrel of WTI is losing 0.30% at $106.52.
Upbeat data from French, German and EMU GDP figures for the second quarter boosted the main indices, with the exception of the British benchmark, down 0.37% for the day. The CAC40 led the gains, up 0.53% and followed by the IBEX35, 0.35% and the DAX, 0.27%. Choppy session for the single currency, remaining apathetic after the euro zone finally emerged from recession, with the EUR/USD now stabilizing around 1.3255/60.
In the commodities’ realm, the ounce troy of gold is advancing 0.92% at $1,332 while the barrel of WTI is losing 0.30% at $106.52.