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1 Apr 2013
US markets in red as ISM weights
FXstreet.com (Barcelona) - Equities in the US markets are trading in the defensive position on Monday, after the poor result of the ISM Manufacturing index during March hit investors’ sentiment. The greenback is also trading on the back foot today, breaching the key support of 83.00 as risk-on mode continues to swell.
DowJones is losing 0.07%, followed by the S&P500 and the Nasdaq, retreating 0.37% and 0.71%, respectively.
In the commodities space, the barrel of WTI is retracing recent gains, losing 0.40% at $96.84 while the ounce troy of gold has regained the key $1,600 level, and advancing 0.33%.
There was no market activity in Euroland, as markets remained closed due to Easter Monday. The single currency climbed above 1.2860 after the poor reading of the US ISM manufacturing, although the broader context was favouring the risk associated assets already. At the moment, EUR/USD is hovering over 1.2850/55.
DowJones is losing 0.07%, followed by the S&P500 and the Nasdaq, retreating 0.37% and 0.71%, respectively.
In the commodities space, the barrel of WTI is retracing recent gains, losing 0.40% at $96.84 while the ounce troy of gold has regained the key $1,600 level, and advancing 0.33%.
There was no market activity in Euroland, as markets remained closed due to Easter Monday. The single currency climbed above 1.2860 after the poor reading of the US ISM manufacturing, although the broader context was favouring the risk associated assets already. At the moment, EUR/USD is hovering over 1.2850/55.