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10 Mar 2014
Poor Chinese data spooked markets
FXStreet (Edinburgh) - Equities in the US markets are trading in the red territory at the beginning of the week following downbeat data from the Chinese external sector.
The likeliness of a slowdown in the Chinese economy hovered over the global markets on Monday, keeping buyers at bay amidst increasing risk-off sentiment. As of writing DowJones is losing 0.36% followed by the S&P500, 0.22% and the Nasdaq, 0.25%. The greenback, gauged by the DXY, is prolonging Friday’s gains and currently trading near 79.80.
The China-factor also weighed on the main bourses in the Old Continent, where the IBEX35 rose 0.30% seconded by the CAC40, 0.10%. On the losers’ side, the German DAX retreated 0.91% and then FTSE100, 0.35%. The shared currency is wobbling between gains and losses, taking the EUR/USD to the area of 1.3870/75, down from overnight peaks near 1.3900 the figure.
In the commodities’ land, the barrel of WTI is dropping 1.41% just above $101.00 while the ounce troy of the precious metal is up 0.09% near $1,340.
The likeliness of a slowdown in the Chinese economy hovered over the global markets on Monday, keeping buyers at bay amidst increasing risk-off sentiment. As of writing DowJones is losing 0.36% followed by the S&P500, 0.22% and the Nasdaq, 0.25%. The greenback, gauged by the DXY, is prolonging Friday’s gains and currently trading near 79.80.
The China-factor also weighed on the main bourses in the Old Continent, where the IBEX35 rose 0.30% seconded by the CAC40, 0.10%. On the losers’ side, the German DAX retreated 0.91% and then FTSE100, 0.35%. The shared currency is wobbling between gains and losses, taking the EUR/USD to the area of 1.3870/75, down from overnight peaks near 1.3900 the figure.
In the commodities’ land, the barrel of WTI is dropping 1.41% just above $101.00 while the ounce troy of the precious metal is up 0.09% near $1,340.