OctaFX | OctaFX Forex Broker
Open trading account
Back

American equity markets contract Wednesday

FXstreet.com (Barcelona) - The US stock edged lower Wednesday after the Dow Jones reached an all time high earlier in the week. In the absence of any major indicators or economic data out of the United States, investors have been tepid to say the least, abstaining from any sweeping movements thus far.

Beginning with the indices and composites, the NASDAQ fell -0.17% as it settles in region of 3390.66, down -5.93 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1622.90, descending -3.09 points or -0.18% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15035.35, presently -0.14% after a movement of -20.85 points.

Sectors are all mixed at the opening, however the Transportation and Capital Goods sectors have distinguished themselves as the losers thus far, falling -0.32% and -0.22% respectively. In other news, the price of crude is testing USD $95.95/bbl Wednesday.

Forex Flash: Is EUR caught up in the political cycle? BMO Capital Markets

Stephen Gallo, European Head of FX Strategy at BMO Capital Markets has questioned whether the Euro is caught up in the political cycle.
Read more Previous

PBOC announces resumption of bill issuance

The Chinese Central Bank announced today that it would resume bill issuance for the first time in 17 months, in an attempt to control the capital flowing into the country from overseas as foreign investors take advantage of the quick appreciation of the yuan.
Read more Next
Start livechat