Fed Unfolding Policy, Greenback to Fly amid Tightening

European equities drop Monday

Jun 3 • Forex News • 3084 Views • Comments Off on European equities drop Monday

The European followed Asian indices downward Monday, as rumors still abound as to the inevitable decisions surrounding the US federal stimulus program. Without any meaningful drivers in today’s session, most stocks have traded with a slight manner of tepidness ahead of more widespread decisions.

Briefing the indices and composites, the EURO STOXX 50 fell -0.71% as it settles in region of 2750.04, down -19.60 points in these moments. In addition, the FTSE 100 moved lower Monday, operating at 6555.96 descending -26.72 points or -0.41% at the time of writing. Finally, the DAX has weakened recently as well, trading in the zone of 8268.65 presently -0.75% after a movement of -62.19 points.

Moving to commodities the prices of gold and silver are trading near session lows, and more specifically at USD $1394.56 and $22.43 per oz. respectively. In addition, the price of crude is operating at USD $92.03/bbl Monday. – FXstreet.com (Barcelona)

Comments are closed.

« »

Disclaimer: The content of this material is a marketing communication, and not independent investment advice or research.

The material is for general information purposes only (whether or not it states any opinions). Nothing in this material is (or should be considered to be) legal, financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by FXCC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Although the information set out in this marketing communication is obtained from sources believed to be reliable, FXCC makes no guarantee as to its accuracy or completeness. All information is indicative and subject to change without notice and may be out of date at any given time. Neither FXCC or the author of this material shall be responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein. Seek independent advice if required