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European markets slammed Friday

FXstreet.com (Barcelona) - European stock indices were roiled Friday, ahead of US retail data and the ECOFIN meeting. Beginning with the indices and composites, the EURO STOXX 50 fell -1.31% as it settles in region of 2638.64, down -36.80 points in these moments. In addition, the FTSE 100 index is trading in negative territory, operating at 6377.74, declining -39.78 points or -0.61% at the time of writing. Finally, the DAX broke sharply lower, oscillating in the zone of 7762.97, after a movement of -102.88 points and down -1.42%.

In terms of commodities, the price of gold and silver is trading at USD $1547.80 and $27.34 per oz. respectively. In addition, the price of crude is negotiating a price of USD $92.42/bbl.

Forex: USD/CHF operating at session highs at 0.9327/36

The USD/CHF advance has continued Friday, following the release of mixed economic data out of the EMU. In these moments, the cross is trading near a session high of 0.9336, notching an advance of +0.22% thus far during European trading.
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OCBC Bank Treasury Analysts note that Wall Street extended its winning streak for a fourth day, amid retail optimism and encouraging initial jobless claims data.
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