Markets in red on strong jobs data

FXstreet.com (Edinburgh) - US equities are now trading on the back footing as stronger-than-expected job figures from the private sector prompted buyers to take a breather, while renewed tapering chatter started to hover over the markets in light of the Fed’s December meeting. The greenback, gauged by the US Dollar index, is dropping for the second consecutive session so far, giving away earlier gains and returning to the current 80.65/60 area. As of writing the S&P500 is down 0.85%, followed by the DowJones, 0.84% and the Nasdaq, 0.80%.

Bourses in Euroland extended its negative streak to its fourth session on strong figures from the US private sector, with the German benchmark dipping 0.90%, ahead of the IBEX35, 0.67% and the CAC40, 0.57%. The single currency is now attempting an assault on the 1.3600 handle, coming from session troughs around 1.3520 post-ADP results.

In the commodities’ land, the barrel of WTI is up 1.4% at $97.38 and the ounce troy of the precious metal is rallying 2.15% near $1,250.