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6 Aug 2013
US markets in red on Fed’s tapering chatter
FXstreet.com (Edinburgh) -US equities are posting strong losses on Tuesday on increased jitters about the ‘imminence’ of the Fed scaling back its ongoing stimulus programme, according to comments by Atlanta’s Fed Dennis Lockhart. The greenback, tracked by the US Dollar Index, is extending its weekly pullback, consolidating losses below the 82.00 level. As of writing, DowJones is down 0.65%, followed by the S&P500, 0.60% and the Nasdaq, 0.77%.
Bourses in Euroland closed in a ‘sea of red’ following Lockhart’s comments, as the Fed’s easing cycle would likely be tapered in the next meetings. The German benchmark dropped 1.17% seconded by the CAC40 and the IBEX35, down 0.43% and 0.37%, respectively. The single currency manages to keep the key 1.3300 handle, climbing from overnight lows around 1.3240/45.
In the commodities’ space, the barrel of WTI is down 1.56% at $104.92. The ounce troy of gold is following suit, losing 1.62% at $1,281.
Bourses in Euroland closed in a ‘sea of red’ following Lockhart’s comments, as the Fed’s easing cycle would likely be tapered in the next meetings. The German benchmark dropped 1.17% seconded by the CAC40 and the IBEX35, down 0.43% and 0.37%, respectively. The single currency manages to keep the key 1.3300 handle, climbing from overnight lows around 1.3240/45.
In the commodities’ space, the barrel of WTI is down 1.56% at $104.92. The ounce troy of gold is following suit, losing 1.62% at $1,281.