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29 May 2013
US markets retreat on Fed, global growth jitters
FXstreet.com (Barcelona) - Shares in the US markets are markedly lower on Wednesday, as the likelihood of the Fed tapering its current stimulus programme plus concerns about global growth were weighting on investors’ sentiment. The greenback, in US Dollar Index terms, is bouncing off intraday lows around 83.70/75, although submerged into the negative territory.
All three main indices are retreating, with the Nasdaq down 0.72% followed by the DowJones 0.81% and the S&P500, 0.78%.
European stocks closed with strong losses after the OECD lowered its growth forecast. Adding to the grim tone, rumours regarding the Fed modifying its monthly asset purchases continued to hover over the markets, dragging the indices lower. The FTSE100 was down 1.99% followed by the CAC40, 1.89% and the DAX, 1.70%.
Good day for the single currency, climbing to the boundaries of the 1.2980 level although losing some gas afterwards, retreating to the current area of 1.2925/30.
Commoddities are trading mixed, with the barrel of WTI in red, down 1.68% at $93.41 and the ounce troy of the precious metal advancing 0.89% at $1,392.
All three main indices are retreating, with the Nasdaq down 0.72% followed by the DowJones 0.81% and the S&P500, 0.78%.
European stocks closed with strong losses after the OECD lowered its growth forecast. Adding to the grim tone, rumours regarding the Fed modifying its monthly asset purchases continued to hover over the markets, dragging the indices lower. The FTSE100 was down 1.99% followed by the CAC40, 1.89% and the DAX, 1.70%.
Good day for the single currency, climbing to the boundaries of the 1.2980 level although losing some gas afterwards, retreating to the current area of 1.2925/30.
Commoddities are trading mixed, with the barrel of WTI in red, down 1.68% at $93.41 and the ounce troy of the precious metal advancing 0.89% at $1,392.