Despite positive data, markets reacted negatively
Gold washed off some of Wednesday’s loss and traded 1.1% higher at $1,974.75 per ounce.
Asia and Australia
The data received from China and the US made Asian markets to react both positively and negatively.
Japan225 rose by 1.96%.
HongKong45 was down 0.05% in expectance of data regarding industrial production, and retail sales. Moreover, investors are looking forward to the meeting between the US and China scheduled for Saturday.
Australia200 lost 0.63%, even though the Bureau of Statistics announced that in July, 114,700 jobs were created.
USD/JPY added 0.08% to 106.98.
AUD/USD settled at 0.7155.
The European markets traded Wednesday’s gains with Thursday’s losses, as the negative data that came from the continent made them lose momentum.
Germany30 traded 0.2% lower after consumer prices data showed that it is nowhere near an economic recovery.
France40 fell 0.1%, although the unemployment rate dropped to 7.1%.
UK100 lost 1%, driven by the negative Q2 earnings reported by TUI.
EUR/USD added 0.4% settling at 1.1825.
EUR/GBP lost 0.03% to 0.9035.
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Sources: investing.com, reuters.com
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