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3 Apr 2013
US markets and dollar in red on jobs data
FXstreet.com (Barcelona) - Red is the dominating colour in the US markets on Wednesday, after the disappointing result from the ADP report in March is weighting on sentiment ahead of Friday’s Non-farm Payrolls. The US Dollar Index, which tracks the greenback, is also trading on the back foot and consolidating losses below the key 83.00 handle.
DowJones is losing 0.51% followed by the Nasdaq, 0.83% and the S&P500, 0.83%.
Bourses in Euroland also closed in the red territory on Wednesday following the softer-than-expected US data from ADP and ISM Non manufacturing. The Spanish benchmark led the losses, down 1.81%, seconded by the CAC40 and the FTSE100, losing 1.32% and 1.08%, respectively.
The single currency broke above the key level of 1.2800 and climbed to the boundaries of 1.2870 after the poor ADP data in the US economy, although trimming some gains at the moment around 1.2840/45.
Commodities are getting hammered, with the barrel of WTI retreating 2.18% at $95.07 and the ounce troy of gold following suit, down 1.49% at $1,552.
DowJones is losing 0.51% followed by the Nasdaq, 0.83% and the S&P500, 0.83%.
Bourses in Euroland also closed in the red territory on Wednesday following the softer-than-expected US data from ADP and ISM Non manufacturing. The Spanish benchmark led the losses, down 1.81%, seconded by the CAC40 and the FTSE100, losing 1.32% and 1.08%, respectively.
The single currency broke above the key level of 1.2800 and climbed to the boundaries of 1.2870 after the poor ADP data in the US economy, although trimming some gains at the moment around 1.2840/45.
Commodities are getting hammered, with the barrel of WTI retreating 2.18% at $95.07 and the ounce troy of gold following suit, down 1.49% at $1,552.