2 Dec 2013
Markets in red on Fed’s tapering
FXstreet.com (Edinburgh) - US shares are trading on the back footing at the beginning of the week, after stronger-than-expected ISM Manufacturing re-ignited rumours about the Fed’s QE tapering. The greenback, in terms of the US Dollar index, is paring recent losses and gyrating around intraday highs at 80.90/95. As of writing DowJones is losing 0.25% followed by the S&P500 and the Nasdaq, down 0.03% and 0.23%, respectively.
Markets in Euroland closed in a ‘sea of red’ despite the upbeat results from the manufacturing PMI prints in the euro area and China. The IBEX35 was the worst performer, down 0.94% and followed by the FTSE100, 0.83% and the CAC40, 0.22%. The EUR is meandering around the lower band of the range near 1.3540, coming down from overnight highs beyond 1.3610.
In the commodities’ universe, the barrel of WTI is up 1.3% near $94.00 while the ounce troy of the precious metal is plummeting 2.27% around $1,220.
Markets in Euroland closed in a ‘sea of red’ despite the upbeat results from the manufacturing PMI prints in the euro area and China. The IBEX35 was the worst performer, down 0.94% and followed by the FTSE100, 0.83% and the CAC40, 0.22%. The EUR is meandering around the lower band of the range near 1.3540, coming down from overnight highs beyond 1.3610.
In the commodities’ universe, the barrel of WTI is up 1.3% near $94.00 while the ounce troy of the precious metal is plummeting 2.27% around $1,220.