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7 Mar 2014
Markets mixed after Payrolls, dollar advances
FXStreet (Edinburgh) - Equities in the US markets reverted initial gains despite February’s Payrolls surprised investor to the upside.
DowJones is outperforming its peers (up 0.08%) while the S&P500 and the Nasdaq are retreating 0.12% and 0.61%, respectively, as the trading week is drawing to and end. Undoubtedly, today’s news points to the better-than-expected Payrolls, showing that the US economy added 175K jobs during February, surpassing the 149K previously forecasted. The greenback, in terms of the DXY, is posting meagre gains around 79.60, at least recovering some ground from the recent pronounced pullback.
A ‘sea of red’ was all that remained amongst the major European indices after the closing bell in the Old Continent, with the broader Stoxx600 posting the first week of losses since January. The German benchmark was the worst performer, down 2.01% and followed by the IBEX35, 1.36% and the CAC40, 1.15%. The single currency advanced to levels last seen in October 2011 near 1.3920, although it later deflated to the current 1.3875/80 area following the upbeat Payrolls.
In the commodities’ space, the ounce troy of gold is down more than 1% near $1,340 while the barrel of WTI is gaining 1.22% around $102.80.
DowJones is outperforming its peers (up 0.08%) while the S&P500 and the Nasdaq are retreating 0.12% and 0.61%, respectively, as the trading week is drawing to and end. Undoubtedly, today’s news points to the better-than-expected Payrolls, showing that the US economy added 175K jobs during February, surpassing the 149K previously forecasted. The greenback, in terms of the DXY, is posting meagre gains around 79.60, at least recovering some ground from the recent pronounced pullback.
A ‘sea of red’ was all that remained amongst the major European indices after the closing bell in the Old Continent, with the broader Stoxx600 posting the first week of losses since January. The German benchmark was the worst performer, down 2.01% and followed by the IBEX35, 1.36% and the CAC40, 1.15%. The single currency advanced to levels last seen in October 2011 near 1.3920, although it later deflated to the current 1.3875/80 area following the upbeat Payrolls.
In the commodities’ space, the ounce troy of gold is down more than 1% near $1,340 while the barrel of WTI is gaining 1.22% around $102.80.