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5 Apr 2013
US markets in red following weak Payrolls
FXstreet.com (Barcelona) - Shares in the US markets are trading in the defensive territory on Friday after the US economy disappointed investors adding 88K jobs in March, lower than the median at 200K and February’s 268K (revised up). The US Dollar Index is closing the week with sharp losses, hovering over weekly lows around 82.50 after climbing above 83.60 on Thursday.
DowJones is down 0.62%, followed by the S&P500, 0.78% and the Nasdaq, 1.02%.
European bourses extended its weekly losses, accelerating the decline after the US NFP missed expectations. The DAX was the worst performer losing 2.03% while the CAC40 and the FTSE100 retreated 1.68% and 1.49%, respectively.
On the opposite side of the road, the single currency posted strong gains, closing the week above the psychological mark of 1.3000, propped by the ECB’s inaction on Thursday and the lacklustre result from today’s NFP.
Commodities are trading mixed, with the barrel of WTI losing 0.54% at $92.76 and the ounce troy of the precious metal advancing 1.43% at $1,574.
DowJones is down 0.62%, followed by the S&P500, 0.78% and the Nasdaq, 1.02%.
European bourses extended its weekly losses, accelerating the decline after the US NFP missed expectations. The DAX was the worst performer losing 2.03% while the CAC40 and the FTSE100 retreated 1.68% and 1.49%, respectively.
On the opposite side of the road, the single currency posted strong gains, closing the week above the psychological mark of 1.3000, propped by the ECB’s inaction on Thursday and the lacklustre result from today’s NFP.
Commodities are trading mixed, with the barrel of WTI losing 0.54% at $92.76 and the ounce troy of the precious metal advancing 1.43% at $1,574.