11 Apr 2014
Markets extends the decline, Europe in red
FXStreet (Edinburgh) - Poor earnings report from JP Morgan Chase & Co. (JPM) intensified the pessimism amongst traders, dragging the main US indices lower on Friday.
Equities in the US trading floor are deep in the red territory at the end of the week, with the Dow losing 0.78%, followed by the Nasdaq, 0.75% and the S&P500, 0.60%. The DXY, which gauge the greenback vs. its main competitors, is trading almost flat although closing the week around 79.40, levels last seen in mid-March.
The main bourses in Euroland sharply retreated on Friday, intensifying the weekly pullback. The German DAX fell the most, 1.47% seconded by the IBEX35, 1.26% and the FTSE100, 1.21%. The single currency is closing a very positive week, reverting a negative 3-week streak and advancing to the vicinity of the key barrier at 1.3900.
In the commodities’ space, the barrel of WTI is prolonging its bullish momentum, up near 0.7% above the $104.00 mark. The ounce troy of the precious metal is down 0.25% around $1,320.
Equities in the US trading floor are deep in the red territory at the end of the week, with the Dow losing 0.78%, followed by the Nasdaq, 0.75% and the S&P500, 0.60%. The DXY, which gauge the greenback vs. its main competitors, is trading almost flat although closing the week around 79.40, levels last seen in mid-March.
The main bourses in Euroland sharply retreated on Friday, intensifying the weekly pullback. The German DAX fell the most, 1.47% seconded by the IBEX35, 1.26% and the FTSE100, 1.21%. The single currency is closing a very positive week, reverting a negative 3-week streak and advancing to the vicinity of the key barrier at 1.3900.
In the commodities’ space, the barrel of WTI is prolonging its bullish momentum, up near 0.7% above the $104.00 mark. The ounce troy of the precious metal is down 0.25% around $1,320.