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26 Apr 2013
US markets mixed after GDP missed estimates
FXstreet.com (Barcelona) - Shares in the US markets are mostly trading on the back foot on Friday, trimming weekly gains after the US economy expanded below expectations in the first quarter, 2.5% vs. 3.0%. The Dow is the only exception, advancing 0.05% after upbeat earnings reports from Chevron Corp. (CVX) and Hewlett-Packard Co. (HPQ). The US Dollar Index is following suit, navigating session lows just above 82.50.
The S&P500 is losing 0.30%, followed by the Nasdaq, down 0.47%.
Red was the favourite colour in Europe, dragged into the negative territory after the US GDP figures disappointed investors. The IBEX35 was the worst performer, retreating 0.81%, followed by the CAC40 and the FTSE100, down 0.79% and 0.25%, respectively.
The single currency remains within 1.3000 and 1.3040 on Friday, despite the increasing risk appetite dominating the markets.
In the commodities realm, both the ounce troy of gold and the barrel of WTI are down 0.62% at $1,453 and 0.75% at $92.96, respectively.
The S&P500 is losing 0.30%, followed by the Nasdaq, down 0.47%.
Red was the favourite colour in Europe, dragged into the negative territory after the US GDP figures disappointed investors. The IBEX35 was the worst performer, retreating 0.81%, followed by the CAC40 and the FTSE100, down 0.79% and 0.25%, respectively.
The single currency remains within 1.3000 and 1.3040 on Friday, despite the increasing risk appetite dominating the markets.
In the commodities realm, both the ounce troy of gold and the barrel of WTI are down 0.62% at $1,453 and 0.75% at $92.96, respectively.