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American equity markets start off week in the red

The US Stock market experienced a negative opening as Monday as investors return from a weekend dominated by sequester-speak. While the enduring outcome of this phenomenon is not currently known – neither Democrats or Republicans envisioned this scenario originally playing out – market participants will surely be eying payrolls later this week.

Beginning with the indices and composites, the NASDAQ fell -0.24% as it settles in region of 3162.13, down -7.56 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1514.80, descending -3.17 points or -0.21% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14056.69, presently -0.24% after a movement of -33.56 points.

Sectors are nearly all in the green currently, however the Basic Materials and Technology sectors have distinguished themselves as main losers thus far, falling -0.62% and -0.46% respectively. In other news, the price of crude has settled below USD $90.56/bbl Monday.

Forex: EUR/JPY keeps "red" as NY opens

The EUR/JPY has been generally pressured today, but after going to as low as 121.27, European flows pulled the cross up to 121.92 high on the opening and ahead of EMU Sentix Investor Confidence. Disappointment there allowed a move back below the opening price. Recent bids ahead of the NY session failed to extend above the 121.78 opening level.
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