Housing data weight on US stocks, dollar marginally up
FXstreet.com (Barcelona) - The poor data out of the US Pending Home Sales have undermined the recent rally in the US equities, dragging the Dow and the S&P500 to the negative territory, ahead of earnings reports due after the US session. The greenback, measured by the US Dollar Index, is posting marginal gains in the vicinity of the psychological level at 80.00 on Monday, gathering some traction and momentarily breaking the prevailing consolidating pattern.
As of writing, the DowJones is losing 0.06% follow by the S&P500, 0.15%, contrasting with the Nasdaq, advancing 0.10%
Markets in Euroland closed in the mixed territory, following the lack of direction in the markets. The IBEX35 led the losses, down 0.60% ahead of the DAX, 0.32%. In the positive territory, the FTSE100 outperformed its French rival, up 0.16% vs. 0.07%, respectively. The broader Stoxx600 retreated 0.12%. Dull session for the single currency, trading in a narrow range delimited by the area around 1.3430 and levels shy of 1.3480, as second tier docket in the euro zone passed by ignored by traders. At the moment the cross is navigating the comfort zone around the mid 1.3400s.
In the commodity space, the ounce troy of gold is prolonging its descent, down 0.15% at $1656; while the barrel of WTI is inching higher, up 0.37% at $96.23
As of writing, the DowJones is losing 0.06% follow by the S&P500, 0.15%, contrasting with the Nasdaq, advancing 0.10%
Markets in Euroland closed in the mixed territory, following the lack of direction in the markets. The IBEX35 led the losses, down 0.60% ahead of the DAX, 0.32%. In the positive territory, the FTSE100 outperformed its French rival, up 0.16% vs. 0.07%, respectively. The broader Stoxx600 retreated 0.12%. Dull session for the single currency, trading in a narrow range delimited by the area around 1.3430 and levels shy of 1.3480, as second tier docket in the euro zone passed by ignored by traders. At the moment the cross is navigating the comfort zone around the mid 1.3400s.
In the commodity space, the ounce troy of gold is prolonging its descent, down 0.15% at $1656; while the barrel of WTI is inching higher, up 0.37% at $96.23
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