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European stock market losses deepen- Dax falls to fresh session lows
The European stock markets are now falling back further in the red. The lower US PPI data did deliver a rebound for the FTSE 100, CAC 40 and DAX indexes, but since the US markets reopened those rebounds have now all blown out. The CAC 40 is now setting fresh lows on the week, as it slides towards 7,725. The DAX is now lower too, dropping just below 18,375. The dollar is now actually a little firmer versus Europ and higher than it was at the time of the previous update. The EUR/USD has failed to hold a rebound above 1.0815 and slipped back and that might be weighing on th DAX? The index is just now trading at 18,365
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EUR/USD runs into a seller above 1.14 again
A short while ago the EUR/USD was on the rebound above 1.14. The Euro reached 1.1412. However, more recently it has fallen back quite sharply, towards...
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Dollar index (USDX) still rejecting a rebound back above 100
Yesterday morning the dollar index (USDX) tried to push higher, but once again that push stalled short of the important 100 level. That was the third...
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June Brent crude takes out $65 per barrel in final trading day ahead of expiry
The previous update briefly touched on the price of Brent crude, noting the June contract was falling back close to $65 per barrel. Well, since then...
