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27 Mar 2013
US markets grinding lower on Cyprus woes
FXstreet.com (Barcelona) - Markets in the US are trading on the back foot on Wednesday, as concerns over the political instability in Italy plus uncertainties surrounding Cyprus are weighting on investors’ sentiment. The greenback, measured by the US Dollar Index is consolidating weekly gains and trading in the upper end of the range around 83.40/45
DowJones is retreating 0.23%, followed by the S&P500, down 0.13%. The Nasdaq is posting meagre gains, 0.07%.
The fragile situation in Cyprus continues to drag European bourses to the negative ground, as expectation is building up ahead of tomorrow, when Cypriot banks will re-open to the public. The DAX was the worst performer, losing 1.15% and followed by the IBEX35, 1.13% and the CAC40, 0.99%.
The single currency dropped to fresh 2013 lows once again around 1.2750, although buying interest pushed the euro back to the current area of 1.2770/75
Commodities are inching higher with the WTI gaining 0.20% at $96.63 and the ounce troy of the precious metal up 0.62% at $1,607
DowJones is retreating 0.23%, followed by the S&P500, down 0.13%. The Nasdaq is posting meagre gains, 0.07%.
The fragile situation in Cyprus continues to drag European bourses to the negative ground, as expectation is building up ahead of tomorrow, when Cypriot banks will re-open to the public. The DAX was the worst performer, losing 1.15% and followed by the IBEX35, 1.13% and the CAC40, 0.99%.
The single currency dropped to fresh 2013 lows once again around 1.2750, although buying interest pushed the euro back to the current area of 1.2770/75
Commodities are inching higher with the WTI gaining 0.20% at $96.63 and the ounce troy of the precious metal up 0.62% at $1,607