Mixed sentiments dominated global financial markets on Monday, where rising commodity prices helped in restoring confidence, nevertheless, fears from the European debt crisis overshadowed investors’ confidence, where news emerged that European officials are ready to review Greece’s bailout terms, which spread fears over the outlook of the region, especially after the S&P downgraded Greece’s rating to B from BB-.
Stocks in the United States fluctuated between gains and losses at opening on Monday, where the Dow Jones Industrial Average was little changed to trade around 12,640, while the S&P 500 index was also little changed to trade around 1,340. European stock indexes traded lower before closing on Monday, weighed down by jitters from the European debt crisis, where FTSE 100 was down by nearly 0.40% trading at 5950 and the DAX was also lower by nearly 0.90% to trade around 7425.
The U.S. dollar was higher against a basket of major currencies on Monday, where the U.S. dollar index rose to 75.06, compared with the opening level at 74.72. The Euro remained weak against the Dollar, where the EUR/USD pair traded at $1.4268, down from the opening level at $1.4398, and the British Pound was also lower against the dollar, where the GBP/USD pair traded at $1.6279, down from the opening level at $1.6391.
Gold prices were little changed on Monday after falling throughout last week, where gold traded around $1503 an ounce, crude oil prices however rose on Monday but remained below $100 a barrel after dropping to as low as $94.65 last week, the lowest since February 22.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
