EU markets mixed following China’s data
On Tuesday after the publication of private business surveys, markets registered a slowdown in the manufacturing sector in China. The survey revealed a slower pace than experts anticipated in April. The soft results also displayed a moderate increase in the services area and that supported more uncertainty regarding the economy.
In Asia, most of the stocks, except Japan, fell approximately 0.7% while the FTSE 100 marked 3 points higher at 7,442.
Gold is advancing as China data disappoints
On Tuesday the popular precious metal Gold increased while Chinese manufacturing numbers drove Asian stocks down. China’s disappointing numbers sparked concerns regarding the global economy.
In the meantime, traders are preparing for the FED’s policy meeting and a wave of Eurozone data which starts later today. U.S. gold futures rose 0.2% to $1,283.89 an ounce while spot gold went up 0.2% to $1,282.07 per ounce.
Aussie is weaker
On Tuesday, the popular greenback was stuck in a range due to a thin trading session. Its Australian match was weaker while disappointing data about Chinese manufacturing restrained the hopes for a fast retrace in global economic growth. Facing a box of rival currencies, the dollar was stable at 97.812 and near its week’s 160-day top of 98.329.
US futures waiting for FED
On Tuesday the U.S. stock index futures were mixed while investors braced for another day of earnings and fresh data releases. Futures on NASDAQ and S&P both indicated a lower open while Dow futures dropped about 5 points, designating a positive open of approximately 7 points.
On Monday the S&P 500 scored an all-time high due to better than expected outcomes.