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15 Mar 2013
US markets in red as profit-taking prevails
FXstreet.com (Barcelona) - US equities are retreating on Friday, halting the recent rally that pushed the Dow to all-time highs, as markets are cashing up part of the recent gains. The US dollar is bouncing off session lows on Friday, extending the downside for the second consecutive day from weekly highs above the key resistance of 83.00
DowJones is down 0.31% followed by the Nasdaq and the S&P500, losing 0.32% and 0.26%, respectively.
Markets in Europe retreated from almost 5-year highs on Friday after softer consumer confidence in the US economy and uncertainties surrounding the rescue package for Cyprus were weighting on the markets. The CAC40 led the losses, down 0.71%, seconded by the FTSE100, 0.61% and the IBEX35, 0.45%.
The single currency climbed just above the key resistance of 1.3100 although the upside run out of steam later, falling to the current region around the mid 1.30s.
Commodities are edging higher with the barrel of WTI gaining 0.39% at $93.38 and the ounce troy of gold posting meagre gains at $1591 or 0.03%.
DowJones is down 0.31% followed by the Nasdaq and the S&P500, losing 0.32% and 0.26%, respectively.
Markets in Europe retreated from almost 5-year highs on Friday after softer consumer confidence in the US economy and uncertainties surrounding the rescue package for Cyprus were weighting on the markets. The CAC40 led the losses, down 0.71%, seconded by the FTSE100, 0.61% and the IBEX35, 0.45%.
The single currency climbed just above the key resistance of 1.3100 although the upside run out of steam later, falling to the current region around the mid 1.30s.
Commodities are edging higher with the barrel of WTI gaining 0.39% at $93.38 and the ounce troy of gold posting meagre gains at $1591 or 0.03%.