23 Sep 2013
Markets in red on debt ceiling jitters
FXstreet.com (Edinburgh) - Equities in the US markets are trading on the back footing at the beginning of the week, as the next debate on the US fiscal front is weighing on investors’ sentiment. The greenback, in terms of the US Dollar index, is alternating gains with losses around the 80.40/45 region, partially trimming last week’s sharp pullback. At the moment, DowJones is down 0.26%, followed by the S&P500, 0.47% and the Nasdaq, 0.29%.
Bourses in the Old Continent closed in a ‘sea of red’ after manufacturing PMI prints came in on the softer side and Chancellor Merkel would face strong headwinds to form a governing coalition. The CAC40 was the worst performer, losing 0.75% and followed by the IBEX35, 0.68% and the FTSE100, 0.59%. The shared currency is now hovering over the 1.3500 handle, bouncing off lows around 1.3480.
In the commodities’ space, the barrel of WTI is extending its decline, now losing 1.20% at $103.49. The ounce troy of gold is following suit, down 0.39% at $1,327.
Bourses in the Old Continent closed in a ‘sea of red’ after manufacturing PMI prints came in on the softer side and Chancellor Merkel would face strong headwinds to form a governing coalition. The CAC40 was the worst performer, losing 0.75% and followed by the IBEX35, 0.68% and the FTSE100, 0.59%. The shared currency is now hovering over the 1.3500 handle, bouncing off lows around 1.3480.
In the commodities’ space, the barrel of WTI is extending its decline, now losing 1.20% at $103.49. The ounce troy of gold is following suit, down 0.39% at $1,327.