In the early part of trade US equity markets traded within a tight range despite the lowest US jobless claims data in five years. As USD/JPY broke 100 for the first time since 2009, which drove the USD-index higher and in turn US equity indices moved to the downside. This move lower was also assisted by a rumour of a possible Hilsenrath article about the Fed tapering QE sooner rather than later although the article never materialised. Finally, the DJIA finished down 0.15% at 15,082.62, the S&P 500 finished down 0/37% at 1626.67 and the NASDAQ 100 finished down 0.24% at 2961.12.
09 May 2013 - 21:34 - Equities Rumour - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: