It’s been a positive trading day today on the whole with most of the European markets finishing higher. However the Dow Jones has slipped into negative territory in recent hours which means that some of these gains will be given back again when the European markets open tomorrow.

Let’s start with these European markets first of all because we have seen the DAX go up by 2.74% to 4836.01 and the CAC 40 and FTSE 100 go up 2.18% and 1.18% to 3184.76 and 4279.98 respectively.

Meanwhile in the US the markets were weighing up the various economic data and deciding which way to go. After positive durable goods orders (1.1%) and disappointing figures regarding new home sales (342,000 versus expectations of 360,000) the markets have headed lower going into the close although the Dow Jones is still only down 21 points to 8301 whilst the Nasdaq and S&P 500 are actually up 27 and 5 points at 1792 and 901 respectively.

On the currency markets the GBP/USD traded higher earlier today but is now close to where it started the day at 1.6427. Meanwhile the EUR/USD has fallen back below the 1.40 level to 1.3941 whilst the USD/JPY is trading slightly higher at 95.55.

Finally the price of gold has strengthened by around $10 to $934 whilst the price of crude oil has fallen back slightly and remains below $70 at $68.54.

 

 

Filed under: Market News

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