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4 Sep 2014
US stocks rise, Euro plummets
FXStreet (Córdoba) - The"> ECB lifted stocks in Europe and also US equities were rising. In Europe the FTSE 100 rose 0.06%, the Dax climbed 1.01% and the Cac 40 1.65%. The Dow Jones was rising 0.24%, the Nasdaq 0.27% and the S&P 500 0.26%.
In the US, ahead of tomorrow’s NFP report, the ADP numbers showed that private payrolls rose by 204,000 in August, below the 220.000 expected by analysts. Other economic data showed that initial jobless claims rose to 302,000 while the trade balance deficit in July was $40.55B, slightly below expectations.
Among currencies the euro is plunging across the board affected by ECB measures. European currencies were falling sharply: EUR/USD was near 1.2900, after a 200-pip decline, while the GBP/USD fell below 1.6400 and the USD/CHF rose above 0.9300.
Gold was trading flat, unable to consolidate above $1,2700/oz, but holding near. Crude oil was retreating after rising sharply yesterday, the barrel was down 1% around $94.50.
In the US, ahead of tomorrow’s NFP report, the ADP numbers showed that private payrolls rose by 204,000 in August, below the 220.000 expected by analysts. Other economic data showed that initial jobless claims rose to 302,000 while the trade balance deficit in July was $40.55B, slightly below expectations.
Among currencies the euro is plunging across the board affected by ECB measures. European currencies were falling sharply: EUR/USD was near 1.2900, after a 200-pip decline, while the GBP/USD fell below 1.6400 and the USD/CHF rose above 0.9300.
Gold was trading flat, unable to consolidate above $1,2700/oz, but holding near. Crude oil was retreating after rising sharply yesterday, the barrel was down 1% around $94.50.