Back
3 Oct 2013
Markets extend pullback as shutdown continues
FXstreet.com (Edinburgh) -US shares are extending its weekly decline on Thursday, as the third day of the Government shutdown brought in no news regarding a solution any time soon. Furthermore, speculations about a default started to hover over investors, hurting the sentiment and dragging the indices lower. The greenback, in terms of the US Dollar index, is now bouncing off session lows, although still well into the red territory. At the moment, DowJones is losing 0.61% followed by the S&P500, 0.63% and the Nasdaq, 0.81%.
Same concerns hit the bourses in Euroland, neutralizing the positive results from the Chinese economy and the euro zone services PMI. The FTSE100 was the sole winner, advancing 0.18% while the CAC40 led the losers, down 0.73% and seconded by the IBEX35, 0.58% and the DAX, 0.37%. Positive day for the shared currency, advancing to fresh 8-month highs around 1.3640 as markets kept punishing the USD.
In the commodities’ space, the barrel of WTI is losing 0.37% at $103.67 and the ounce troy of gold is retreating 0.32% at $1,316.
Same concerns hit the bourses in Euroland, neutralizing the positive results from the Chinese economy and the euro zone services PMI. The FTSE100 was the sole winner, advancing 0.18% while the CAC40 led the losers, down 0.73% and seconded by the IBEX35, 0.58% and the DAX, 0.37%. Positive day for the shared currency, advancing to fresh 8-month highs around 1.3640 as markets kept punishing the USD.
In the commodities’ space, the barrel of WTI is losing 0.37% at $103.67 and the ounce troy of gold is retreating 0.32% at $1,316.