6 May 2014
Geopolitical jitters weighing on markets
FXStreet (Edinburgh) - Tension around Ukraine are hurting the US markets in Tuesday, dragging the main indices to the red territory.
DowJones is losing more than 100 pts or 0.67%, followed by the S&P500, 0.73% and the Nasdaq, down more than 1%. The greenback, gauged by the DXY, is getting hammered and dragged to fresh ytd lows just above the 79.00 handle.
In Euroland, the main bourses closed mostly with losses after the OECD prompted the ECB to cut rates in order to tackle deflationary pressures. The Spanish IBEX35 was the sole winner, up just 0.05% while CAC40 dropped 0.78%, followed by the DAX and the FTSE100, down 0.65% and 0.35%, respectively. Very positive session for the single currency, as buying interest and risk-on trends lifted the EUR/USD to 4-week highs around 1.3950.
In the commodities’ space, the barrel of WTI is trading just shy of the $100.00 mark, advancing 0.4%. The ounce troy of gold is posting marginal losses above the $1,300 handle.
DowJones is losing more than 100 pts or 0.67%, followed by the S&P500, 0.73% and the Nasdaq, down more than 1%. The greenback, gauged by the DXY, is getting hammered and dragged to fresh ytd lows just above the 79.00 handle.
In Euroland, the main bourses closed mostly with losses after the OECD prompted the ECB to cut rates in order to tackle deflationary pressures. The Spanish IBEX35 was the sole winner, up just 0.05% while CAC40 dropped 0.78%, followed by the DAX and the FTSE100, down 0.65% and 0.35%, respectively. Very positive session for the single currency, as buying interest and risk-on trends lifted the EUR/USD to 4-week highs around 1.3950.
In the commodities’ space, the barrel of WTI is trading just shy of the $100.00 mark, advancing 0.4%. The ounce troy of gold is posting marginal losses above the $1,300 handle.