OctaFX | OctaFX Forex Broker
Open trading account

American equity markets follow world indices lower

FXstreet.com (Barcelona) - The US stock market was spared a gruesome opening, unlike its Asian and European counterparts Thursday. While losses were sizable, the news was somewhat mitigated after upbeat US economic data. In the United States, Initial Jobless Claims (May 17) came in at 340K, against expectations of 345K, and compared with 360K. In addition, Continuing Jobless Claims (May 11) were reported at 2.912M, beating a projection of 3.000M.

Beginning with the indices and composites, the NASDAQ fell -0.97% as it settles in region of 3429.82, down -33.97 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1635.59, descending -18.72 points or -1.15% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15298.65, presently -0.06% after a movement of -8.52 points.

Sectors are nearly all lower at the opening, however the Consumer Cyclical and Financial sectors have distinguished themselves as the winners thus far, contracting -2.66% and -1.49% respectively. In other news, the price of crude is testing USD $92.42/bbl Thursday.

GBP/JPY dropping through 153.00

GBP/JPY has shed recovery gains in the afternoon of the European session by falling some 69 pips from153.39 to a low of 152.70 since the release of a closely monitored jobless claims figure from the US.
Read more Previous

EU: Consumer Confidence (May): -21.9 vs -22.3 (Apr)

Read more Next
Start livechat