Markets turning red on renewed Fed’s tapering rumours

FXstreet.com (Edinburgh) -Equities in the US trading floor are giving away recent gains on Friday after Fed’s members hinted at the possibility of the Fed scaling back its QE programme in October. The greenback is advancing for the second consecutive session, hovering over 80.40/45 and partially retracing post-Fed deep pullback. As of writing, DowJones is down 0.49%, followed by the S&P500, 0.35% and the Nasdaq, 0.02%.

Bourses in the Old Continent retreated on Friday, as market participants kept a cautious tone ahead of the key German elections due on Sunday. The sole exception was the IBEX35, up 0.20% while the FTSE100 dropped 0.44%, ahead of the DAX, 0.21% and the CAC40, 0.06%. The single currency is trading almost unchanged around 1.3525/30 netting the second week in a row with gains.

In the commodities’ space, the ounce troy of gold is sharply retreating 2.72% at $1,332. The barrel of WTI is following suit, down 0.79% at $105.56.