9 Oct 2013
Markets revert losses amidst shutdown uncertainties
FXstreet.com (Edinburgh) -US markets, with the exception of the Nasdaq, have reverted strong initial losses and they’re now heading north, although concerns about the current extension of the federal shutdown and the debt ceiling deadline continue to weigh on sentiment. The greenback, in terms of the US Dollar index, is posting strong gains and retaking the area of 80.50 ahead of the FOMC minutes. At the moment, DowJones is up 0.31% and the S&P500 is gaining 0.16%. On the other hand, the Nasdaq is down 0.38%.
The political stand-off in Washington dragged the main European indices lower today, with the exception of the Spanish benchmark, up 1.29% for the day. The DAX dropped 0.46% followed by the FTSE100, 0.44% and the CAC40, 0.16%. The single currency prolonged its weekly decline, finding good support around the key 1.3500 handle and looking to stabilize around that level.
In the commodities realm, the barrel of WTI is plummeting 1.86% at $101.56. The ounce troy of gold is following suit, down 1.33% at $1,307.
The political stand-off in Washington dragged the main European indices lower today, with the exception of the Spanish benchmark, up 1.29% for the day. The DAX dropped 0.46% followed by the FTSE100, 0.44% and the CAC40, 0.16%. The single currency prolonged its weekly decline, finding good support around the key 1.3500 handle and looking to stabilize around that level.
In the commodities realm, the barrel of WTI is plummeting 1.86% at $101.56. The ounce troy of gold is following suit, down 1.33% at $1,307.