31 Jan 2014
Markets down on earnings, EMU
FXstreet.com (Edinburgh) - The continuation of deflationary pressures in the euro area plus disappointing earnings reports is weighing on sentiment on Friday.
Earnings reports from Amazon.com (AMZN) and MasterCard (MA) below estimates plus renewed fears regarding the EM space have spooked investors ahead of the weekend, allowing a continuation of the selling mood amongst traders. The USD, tracked by the DXY, is retreating from session highs although closing the week with strong gains. At the moment, the DowJones is down 0.71%, followed by the S&P500 and the Nasdaq, losing 0.50% and 0.42%, respectively.
Increasing fears of deflationary pressures in the euro bloc took a toll on the main indices in Euroland today, dragging stocks to close in the red ground. The DAX was the worst performer, down 0.71% followed by the IBEX35, 0.44% and the FTSE100, 0.43%. The single currency dropped to 1-month low below the 1.3500 amidst prevailing risk-off trade and month-end flows.
In the commodities’ land, the barrel of WTI is posting marginal losses at $98.21 while the ounce troy of gold is down 0.16% at $1,240.
Earnings reports from Amazon.com (AMZN) and MasterCard (MA) below estimates plus renewed fears regarding the EM space have spooked investors ahead of the weekend, allowing a continuation of the selling mood amongst traders. The USD, tracked by the DXY, is retreating from session highs although closing the week with strong gains. At the moment, the DowJones is down 0.71%, followed by the S&P500 and the Nasdaq, losing 0.50% and 0.42%, respectively.
Increasing fears of deflationary pressures in the euro bloc took a toll on the main indices in Euroland today, dragging stocks to close in the red ground. The DAX was the worst performer, down 0.71% followed by the IBEX35, 0.44% and the FTSE100, 0.43%. The single currency dropped to 1-month low below the 1.3500 amidst prevailing risk-off trade and month-end flows.
In the commodities’ land, the barrel of WTI is posting marginal losses at $98.21 while the ounce troy of gold is down 0.16% at $1,240.