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US markets paring losses after weaker data

FXstreet.com (Barcelona) - Shares in the US markets are trading on the back foot on Friday following March contraction of the retail sales and the softer consumer sentiment from the Reuters/Michigan index. The US Dollar Index is trading flat, reverting a positive start and currently hovering over 82.30/35.
DowJones is losing 0.13%, S&P500, 0.42% y el Nasdaq 0.35%.

Renewed jitters on Cyprus plus lacklustre data from the US economy dragged the markets to the red territory on Friday, ending the week with strong gains despite today’s pullback. The DAX retreated 1.61%, followed by the IBEX35 and the CAC40, down 1.46% and 1.23%, respectively.
The single currency is trading almost unchanged on Friday, recovering ground after dipping to session lows in the boundaries of 1.3040 as uncertainties surrounding the Cyprus’s bailout weighted on investors’ sentiment.

The Gold is getting hammered today, retreating to levels last seem in July 2011 around the $1,500 figure and losing 3.83% at the moment. The barrel of WTI is following suit, down 2.67% at $91.03.

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