4 Sep 2013
European equities tumble on divergent EMU data
FXstreet.com (Lisbon) - The European stock markets were all pointed lower Wednesday, having digested a recent tranche of data, which showed the economic zone was once again a mixed bag.
In the EMU, Markit Services PMI (August) was reported at 50.7, missing expectations of 51.0. Moreover, the Markit PMI Composite (August) came in at 51.5, slightly below the projected figure of 51.7. Gross Domestic Product s.a. (YoY) yielded a figure of -0.5% in Q2, beating a consensus of -0.7%. Finally, Retail Sales (YoY) were reported at -1.3% in July, compared to estimates of -0.4%
Beginning with the indices and composites, today the EURO STOXX fell -0.52% as it settles in region of 2739.03, down -14.32 points in these moments. In addition, the FTSE 100 is trading in negative territory, operating at 6440.57, descending -27.84 points or -0.43% at the time of writing. Finally, the DAX has moved lower at the opening, trading in the zone of 8154.73, presently -0.32% after a movement of -25.97 points.
Moving to commodities, the price of gold has settled at $1404.60 per oz., while silver is now negotiating a spot price of $23.86 per oz. Wednesday.
In terms of FX, the EUR/USD is now trading at 1.3176 (+0.03%), the USD/JPY has settled at 99.61 (+0.04%), the GBP/USD at 1.5603 (+0.28%), and the USD/CHF at 0.9365 (-0.02%).
In the EMU, Markit Services PMI (August) was reported at 50.7, missing expectations of 51.0. Moreover, the Markit PMI Composite (August) came in at 51.5, slightly below the projected figure of 51.7. Gross Domestic Product s.a. (YoY) yielded a figure of -0.5% in Q2, beating a consensus of -0.7%. Finally, Retail Sales (YoY) were reported at -1.3% in July, compared to estimates of -0.4%
Beginning with the indices and composites, today the EURO STOXX fell -0.52% as it settles in region of 2739.03, down -14.32 points in these moments. In addition, the FTSE 100 is trading in negative territory, operating at 6440.57, descending -27.84 points or -0.43% at the time of writing. Finally, the DAX has moved lower at the opening, trading in the zone of 8154.73, presently -0.32% after a movement of -25.97 points.
Moving to commodities, the price of gold has settled at $1404.60 per oz., while silver is now negotiating a spot price of $23.86 per oz. Wednesday.
In terms of FX, the EUR/USD is now trading at 1.3176 (+0.03%), the USD/JPY has settled at 99.61 (+0.04%), the GBP/USD at 1.5603 (+0.28%), and the USD/CHF at 0.9365 (-0.02%).