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5 Aug 2013
Fed’s Fisher weighting on markets
FXstreet.com (Edinburgh) -The ‘hawkish’ tone by Fed’s Fisher weighted on investors’ sentiment on Monday, dragging the US shares lower, as he remarked that the Fed is closer to taper its bond buying programme. The greenback, in terms of the US Dollar index, is posting marginal losses with the index trading in sub-82.00 levels. The DowJones is down 0.36% followed by the S&P500, 0.21% and the Nasdaq, 0.05%.
Bourses across the pond closed with losses with the exception of the CAC40, up 0.11% for the day. Mixed data from the euro area and jitters about central banks reducing their easing cycle dragged the main indices lower. The FTSE100 was the worst performer, down 0.43% followed by the IBEX35, 0.15% and the DAX, 0.10%. Again, the single currency climbed to the critical barrier at 1.3300, and again its was rejected, dragging the EUR/USD to session lows around 1.3230 albeit recovering ground later to the current region of 1.3255/60.
In the commodities’ space, both the crude oil and the ounce troy of the precious metal are down, losing 0.36% at $106.56 and 0.59% at $1,302, respectively.
Bourses across the pond closed with losses with the exception of the CAC40, up 0.11% for the day. Mixed data from the euro area and jitters about central banks reducing their easing cycle dragged the main indices lower. The FTSE100 was the worst performer, down 0.43% followed by the IBEX35, 0.15% and the DAX, 0.10%. Again, the single currency climbed to the critical barrier at 1.3300, and again its was rejected, dragging the EUR/USD to session lows around 1.3230 albeit recovering ground later to the current region of 1.3255/60.
In the commodities’ space, both the crude oil and the ounce troy of the precious metal are down, losing 0.36% at $106.56 and 0.59% at $1,302, respectively.