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15 Aug 2013
US markets in red for the second day, dollar collapses
FXstreet.com (Edinburgh) -Shares in the US markets are trading on the back foot for the second consecutive day on Thursday, after Cisco Systems (CSCO) and Wal-Mart Stores Inc. (WMT) revised lower their forecasts, weighing on consumers’ confidence. Higher borrowing costs after July US inflation figures rose 0.2% inter-month were another source of concern amongst traders, coupled with renewed Fed taper chatter after positive jobs data. The greenback is getting hammered, hovering around 81.20 although still netting a positive week. At the moment DowJones is down 1.40% followed by the S&P500, 1.41% and the Nasdaq, 1.67%.
Fed’s tapering jitters hit bourses across the pond on Thursday, reverting five straight sessions of advances. The FTSE100 dropped 1.58%, seconded by the DAX and the IBEX35, down 0.73% and 0.59%, respectively. The shared currency is posting weekly highs around 1.3360, climbing more than 150 pips since session lows post-US data.
In the commodities’ space, the ounce troy of gold is rallying 2.30% at $1,363. The barrel of WTI is following suit, up 0.36% at $107.22.
Fed’s tapering jitters hit bourses across the pond on Thursday, reverting five straight sessions of advances. The FTSE100 dropped 1.58%, seconded by the DAX and the IBEX35, down 0.73% and 0.59%, respectively. The shared currency is posting weekly highs around 1.3360, climbing more than 150 pips since session lows post-US data.
In the commodities’ space, the ounce troy of gold is rallying 2.30% at $1,363. The barrel of WTI is following suit, up 0.36% at $107.22.