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American equity markets fall on US retail sales

FXstreet.com (Barcelona) - The US stock market experienced a negative opening Friday after a tranche of economic data in the US. Retail Sales (MoM) contracted -0.4% in March, compared with estimated of zero change. Meanwhile, the Producer Price Index (MoM) yielded a figure of 0.2% in March, against expectations of 0.2%. Retail Sales ex autos (MoM) also fell -0.4% in March, missing a projected 0.0% change.

Beginning with the indices and composites, the NASDAQ fell -0.32% as it settles in region of 3289.98, down -10.41 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1587.27, descending -6.12 points or -0.38% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14818.37, presently -0.31% after a movement of -46.77 points.

Sectors are all negative the opening, however the Basic Materials and Energy sectors have distinguished themselves as the main loser thus far, falling -0.57 and -0.55% respectively. In other news, the price of crude is testing USD $91.60/bbl Friday.

Forex: EUR/JPY consolidates above 129.00

The yen has recovered ground on Friday as USD/JPY failure to break above the 100.00 mark encouraged some profit taking in JPY crosses. EUR/JPY for its part, pulled back from a 3-year high of 131.10 scored on Thursday toward 129.00 before finding support.
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