24 Jul 2013
Indices on the back foot on mixed earnings reports, higher yields
FXstreet.com (Edinburgh) -After hitting fresh record close levels on Tuesday, US markets are losing ground today as companies alternated positive and negative earnings reports against a backdrop of increasing borrowing costs. The greenback, in terms of the US Dollar Index, is climbing to fresh session highs around 82.40, reverting three days of consecutive losses. DowJones is down 0.31% followed by the S&P500, 0.41%. On the opposite direction, the Nasdaq is advancing 0.07%.
Bourses across the Atlantic close with decent gains propelled by the better-than-expected manufacturing PMI prints for the month of July, re-igniting hopes of a recovery in the region. The IBEX35 was the best performer, gaining 1.47% and followed by the CAC40, 1.01% and the DAX, 0.78%.
In the commodities’ realm, both the barrel of WTI and the ounce troy of the precious metal are retreating sharply, down 1.83% at $105.27 and 1.27% at $1,318, respectively.
Bourses across the Atlantic close with decent gains propelled by the better-than-expected manufacturing PMI prints for the month of July, re-igniting hopes of a recovery in the region. The IBEX35 was the best performer, gaining 1.47% and followed by the CAC40, 1.01% and the DAX, 0.78%.
In the commodities’ realm, both the barrel of WTI and the ounce troy of the precious metal are retreating sharply, down 1.83% at $105.27 and 1.27% at $1,318, respectively.