Wall Street raises modestly, Europe ends with losses

FXStreet (Córdoba) - US stocks are rising marginally after a negative opening while markets in Europe finished with losses on Friday. Economic data in the US showed a decrease in consumer sentiment in June and a surprised decline in the PPI index.

The FTSE 100 was the worst performer in Europe, following comments by Mark Carney and lost 0.95%, the Dax declined 0.26% and the Cac 40 retreated 0.25%.

In Wall Street the Dow Jones is rising 0.07% while the Nasdaq and S&P 500 rise 0.15%. Despite today’s gains, the Dow and the S&P are headed toward weekly losses.

Crude oil is advancing again, trading with a 0.50% gain, above $107 a barrel while gold is unchanged at $1,275.

Barack Obama, made a statement about the situation in Iraq and ruled out an immediate air strike.

Cantral banks at heads - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that ECB officials have been highlighting the divergence between its monetary stance and the UK and US stances.
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EUR/JPY supported on 138 handle

EUR/JPY is trading at 138.08, up 0.19% on the day, having posted a daily high at 138.58 and low at 137.75.
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