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5 Jun 2013
European equities following global indices lower
FXstreet.com (Barcelona) - The European markets experienced a staunch decline Wednesday, with the three major indices in pullback mode following what was weak economic data earlier. Earlier today in the EMU, Gross Domestic Product s.a. (QoQ) fell -0.2% in Q1, matching expectations. Moreover, Gross Domestic Product s.a. (YoY) also shrunk -1.1% in Q1, missing estimates of -1.0%. Finally, Retail Sales (YoY) were reported at -1.1%, vs. expectations of -0.8%.
Briefing the indices and composites, the EURO STOXX 50 fell -1.37% as it settles in region of 2717.83, down -37.87 points in these moments. In addition, the FTSE 100 moved lower Wednesday, operating at 6457.55 descending -101.03 points or -1.54% at the time of writing. Finally, the DAX has weakened recently as well, trading in the zone of 8185.40 presently -1.33% after a movement of -110.56 points.
Moving to commodities the prices of gold and silver are trading at session lows, and more specifically at USD $1396.44 and $22.36 per oz. respectively. In addition, the price of crude is operating at USD $93.57/bbl Wednesday.
Briefing the indices and composites, the EURO STOXX 50 fell -1.37% as it settles in region of 2717.83, down -37.87 points in these moments. In addition, the FTSE 100 moved lower Wednesday, operating at 6457.55 descending -101.03 points or -1.54% at the time of writing. Finally, the DAX has weakened recently as well, trading in the zone of 8185.40 presently -1.33% after a movement of -110.56 points.
Moving to commodities the prices of gold and silver are trading at session lows, and more specifically at USD $1396.44 and $22.36 per oz. respectively. In addition, the price of crude is operating at USD $93.57/bbl Wednesday.