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American equity markets open negatively despite upbeat Retail sales

The US Stock market experienced a slightly negative opening Wednesday as investors digest upbeat economic data. In the United States, Retail Sales (MoM) reported a jump of +1.1% in February, against expectations of only +0.5%. In addition, Retail Sales ex-autos (MoM) climbed +1.0% in the month of February, against a consensus of only +0.5%.

Beginning with the indices and composites, the NASDAQ fell -0.23% as it settles in region of 3234.88, down -7.44 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1550.07, descending -2.41 points or -0.16% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14426.16, presently -0.16% after a movement of -23.80 points.

Sectors are all negative currently, however the Basic Materials and Energy sectors have distinguished themselves as main losers thus far, contracting -0.59% and -0.39% respectively. In other news, the price of crude has settled below USD $93.11/bbl Wednesday.

Forex: EUR/GBP falls to 08665, intra-week low

The Euro is trading under pressure on today's session and against the Pound the pair is trading at levels not seen since March 7th at 0.8670. After falling around 70 pips from the 0.8740 to break down the 0.8675, March 8th low, the pair has reached fresh intra-week lows at 0.8665.
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