5 Mar 2014
Markets mixed on poor data
FXStreet (Edinburgh) - Softer data from the ADP report (139K) and the ISM Non-Manufacturing (51.6) during February are weighing on sentiment pre-Fed’s Beige Book.
DowJones is losing 0.19% while the S&P500 is clinging to the positive territory (0.04%) after US docket disappointed investors, leaving only the Nasdaq with modest gains (0.18%). The DXY, which tracks the greenback vs. its major rivals, is losing ground after two consecutive sessions of gains, currently hovering near 80.10/15.
Poor US data plus the uncertainty surrounding the ECB meeting tomorrow weighed on the main European indices, with only the IBEX35 advancing 0.87%. The FTSE100 dropped 0.71%, followed by the DAX, 0.49% and the CAC40, 0.11%. The EUR/USD is trading almost unchanged, keeping the range around 1.3730 so far.
In the commodities’ space, the barrel of WTI is losing 1.3% around the $102.00 handle while the ounce troy of gold is up 0.22% at $1,340.
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DowJones is losing 0.19% while the S&P500 is clinging to the positive territory (0.04%) after US docket disappointed investors, leaving only the Nasdaq with modest gains (0.18%). The DXY, which tracks the greenback vs. its major rivals, is losing ground after two consecutive sessions of gains, currently hovering near 80.10/15.
Poor US data plus the uncertainty surrounding the ECB meeting tomorrow weighed on the main European indices, with only the IBEX35 advancing 0.87%. The FTSE100 dropped 0.71%, followed by the DAX, 0.49% and the CAC40, 0.11%. The EUR/USD is trading almost unchanged, keeping the range around 1.3730 so far.
In the commodities’ space, the barrel of WTI is losing 1.3% around the $102.00 handle while the ounce troy of gold is up 0.22% at $1,340.
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