Well it’s been a fairly dull week on the markets and today hasn’t been any different. There were no significant data releases today so the markets are drifting along aimlessly at the moment, caught in a very narrow trading range.

With an hour to go the Dow Jones is currently 23 points higher at 8794 whilst the Nasdaq is 11 points lower at 1852 and the S&P 500 is unchanged at 944. Earlier on in the day the FTSE 100 finished 19.92 points lower at 4441.95 whilst the DAX finished 38.02 points lower at 5069.24 and the CAC 40 ended the day 8.80 points lower at 3326.14.

On the currency markets the GBP/USD and EUR/USD pairs have given back some of their weekly gains and currently trade at 1.6453 and 1.4015 respectively, whereas the USD/JPY continues to push higher and currently trades at 98.24.

Finally on the commodity markets the price of gold looks like it is starting to run out of momentum as it’s fallen by $21 today to $941, whilst the oil price has fallen to $72.05, although it’s still had a great run this week.

 

 

Filed under: Market News

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