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19 Feb 2014
Markets in red on Lockhart, IMF
FXStreet (Edinburgh) - US shares reverted initial gains after Atlanta Fed’s Lockhart hinted at the likeliness of the first interest rate hike in the US economy during Q1 2015.
In the same direction, the IMF poured cold water over the increasing optimism around the US recovery, stating that there are still many headwinds to overcome. DowJones is down just 0.03% followed by the S&P500, 0.08% and the Nasdaq, 0.33%. The DXY, which tracks the greenback against its major rivals, is extending the bounce off intraday lows below the 80.00 handle, currently hovering over 80.10/15.
Across the Atlantic, the main indices in Euroland closed with marginal gains, shrugging-off disappointing UK and US data. The CAC40 advanced 0.24% seconded by the IBEX35, up 0.11%. Both the FTSE100 and the DAX closed flat. The EUR/USD is now retreating to levels below 1.3750, down from 2-month highs above 1.3770 printed overnight.
The ounce troy of the precious metal is interrupting its recent strong rally, although it manages to trade above the $1,300 handle, or losing 0.44%. The barrel of WTI is edging higher, up 0.30% around $102.80.
In the same direction, the IMF poured cold water over the increasing optimism around the US recovery, stating that there are still many headwinds to overcome. DowJones is down just 0.03% followed by the S&P500, 0.08% and the Nasdaq, 0.33%. The DXY, which tracks the greenback against its major rivals, is extending the bounce off intraday lows below the 80.00 handle, currently hovering over 80.10/15.
Across the Atlantic, the main indices in Euroland closed with marginal gains, shrugging-off disappointing UK and US data. The CAC40 advanced 0.24% seconded by the IBEX35, up 0.11%. Both the FTSE100 and the DAX closed flat. The EUR/USD is now retreating to levels below 1.3750, down from 2-month highs above 1.3770 printed overnight.
The ounce troy of the precious metal is interrupting its recent strong rally, although it manages to trade above the $1,300 handle, or losing 0.44%. The barrel of WTI is edging higher, up 0.30% around $102.80.