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12 Mar 2014
Markets mixed on China, Ukraine
FXStreet (Edinburgh) - US shares are trading on a mixed tone on Wednesday amidst renewed concerns on a probable Chinese slowdown and geopolitical tensions in Ukraine.
Both DowJones and the S&P500 are giving ground today, retreating 0.12% and 0.07%, respectively, while the tech benchmark is up 0.25%. The greenback, gauged by the DXY, is giving back weekly gains, returning to the 79.60 region.
Bourses in Euroland closed in a ‘sea of red’ with Ukraine and China taking centre stage once again. The DAX was the worst performer, losing 1.28% and followed by the CAC40, 1.0% and the FTSE100, 0.97%. The single currency managed to gather steam and propel the EUR/USD to the very doorsteps of 2014 highs at 1.3915, although failing to break above it so far.
In the commodities’ space, the ounce troy of gold is trading in the area of 1-month highs around $1,370, or up 1.6%. The barrel of WTI is dropping almost 2% around the $98.00 handle.
Both DowJones and the S&P500 are giving ground today, retreating 0.12% and 0.07%, respectively, while the tech benchmark is up 0.25%. The greenback, gauged by the DXY, is giving back weekly gains, returning to the 79.60 region.
Bourses in Euroland closed in a ‘sea of red’ with Ukraine and China taking centre stage once again. The DAX was the worst performer, losing 1.28% and followed by the CAC40, 1.0% and the FTSE100, 0.97%. The single currency managed to gather steam and propel the EUR/USD to the very doorsteps of 2014 highs at 1.3915, although failing to break above it so far.
In the commodities’ space, the ounce troy of gold is trading in the area of 1-month highs around $1,370, or up 1.6%. The barrel of WTI is dropping almost 2% around the $98.00 handle.