23 Jan 2014
Markets sharply lower on China, earnings
FXstreet.com (Edinburgh) - Markets in the US session are posting strong loses on Thursday, following disappointing Chinese data and corporate earnings results below estimates. The selling pressure is building up around the greenback, dragging the DXY to multi-day lows near 80.50. At the moment the Dow is losing 1.36% followed by the S&P500, 1.28% and the Nasdaq, 1.1%.
Poor Chinese data have also weighed on the main European indices on Thursday, with the CAC40 losing 1.02% and followed by the DAX and the FTSE100, down 0.92% and 0.78%, respectively. Better-than-expected PMI prints in the euro area sparked a rally in the shared currency, lifting the EUR/USD to the doorsteps of 1.3700 the figure.
In the commodities’ universe, the ounce troy of gold is rallying more than 2% at $1,264. The barrel of WTI is following suit, advancing almost 1% around $97.70.
Poor Chinese data have also weighed on the main European indices on Thursday, with the CAC40 losing 1.02% and followed by the DAX and the FTSE100, down 0.92% and 0.78%, respectively. Better-than-expected PMI prints in the euro area sparked a rally in the shared currency, lifting the EUR/USD to the doorsteps of 1.3700 the figure.
In the commodities’ universe, the ounce troy of gold is rallying more than 2% at $1,264. The barrel of WTI is following suit, advancing almost 1% around $97.70.