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14 May 2014
Markets correcting lower as data, earnings weigh
FXStreet (Edinburgh) - Shares in the US trading floor are on the back footing on Wednesday, with the main indices retreating from recent record highs.
Earnings reports below expectations coupled with US wholesale prices surpassing forecasts were enough to hurt the sentiment today, dragging the indices to the red territory: DowJones 0.36%, S&P500, 0.18% and Nasdaq, 0.20%. The greenback, gauged by the DXY, is reverting a 5-day winning streak albeit keeping the trade above the 80.00 mark.
Bourses in Euroland closed in a mixed tone, with the broader Stoxx600 retreating from multi-year highs following profit-taking mood and some disappointing reports. The IBEX35 and the FTSE100 saved the day, up 0.25% and 0.08%, respectively while the CAC40 dropped 0.09% and the DAX finished flat. The single currency is struggling to keep the 1.3700 handle vs. the US dollar, coming down from an unsuccessful attempt to break above 1.3720.
In the commodities’ land, the ounce troy of gold is advancing 0.8% above the $1,300 limestone and the barrel of WTI is hovering the mid-$102.00s, up 0.7%.
Earnings reports below expectations coupled with US wholesale prices surpassing forecasts were enough to hurt the sentiment today, dragging the indices to the red territory: DowJones 0.36%, S&P500, 0.18% and Nasdaq, 0.20%. The greenback, gauged by the DXY, is reverting a 5-day winning streak albeit keeping the trade above the 80.00 mark.
Bourses in Euroland closed in a mixed tone, with the broader Stoxx600 retreating from multi-year highs following profit-taking mood and some disappointing reports. The IBEX35 and the FTSE100 saved the day, up 0.25% and 0.08%, respectively while the CAC40 dropped 0.09% and the DAX finished flat. The single currency is struggling to keep the 1.3700 handle vs. the US dollar, coming down from an unsuccessful attempt to break above 1.3720.
In the commodities’ land, the ounce troy of gold is advancing 0.8% above the $1,300 limestone and the barrel of WTI is hovering the mid-$102.00s, up 0.7%.