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25 Feb 2014
Markets flat on poor data; Euroland mixed
FXStreet (Edinburgh) - Poor data from the US docket on Tuesday are prompting stocks to wobble between the red and black numbers.
Home prices increasing at a lower rate in December plus a drop in the consumer confidence are undermining the recent bullish sentiment around US equities, with the S&P500 retreating 0.03%, followed by the Dow, 0.02% and the Nasdaq, 0.13%. The DXY, which tracks the greenback against its major competitors, is giving ground for the second consecutive session around 80.10/15.
Bourses in Europe closed with losses with the exception of the Spanish benchmark, advancing 0.48% for the day; in the same line, the broader Stoxx600 closed at fresh 6-year highs. Corporate earnings reports dragged the main indices lower, with the FTSE100 retreating 0.52% followed by the DAX and CAC40, down 0.10%.The EUR/USD is trading mostly unchanged around the mid-1.37s, rebounding from session lows near 1.3710.
In the commodities’ space the ounce troy of gold is up 0.39% near $1,345 while the barrel of WTI is losing almost 1% around $101.80.
Home prices increasing at a lower rate in December plus a drop in the consumer confidence are undermining the recent bullish sentiment around US equities, with the S&P500 retreating 0.03%, followed by the Dow, 0.02% and the Nasdaq, 0.13%. The DXY, which tracks the greenback against its major competitors, is giving ground for the second consecutive session around 80.10/15.
Bourses in Europe closed with losses with the exception of the Spanish benchmark, advancing 0.48% for the day; in the same line, the broader Stoxx600 closed at fresh 6-year highs. Corporate earnings reports dragged the main indices lower, with the FTSE100 retreating 0.52% followed by the DAX and CAC40, down 0.10%.The EUR/USD is trading mostly unchanged around the mid-1.37s, rebounding from session lows near 1.3710.
In the commodities’ space the ounce troy of gold is up 0.39% near $1,345 while the barrel of WTI is losing almost 1% around $101.80.