Fed’s taper, yields continue to weigh on markets

FXstreet.com (Edinburgh) -Markets in the US have started the week on the back foot, as concerns about rising yields and the time of the Fed scaling back its monthly purchases of bonds continue to keep buyers at bay. The greenback, in terms of the US Dollar Index, is posting marginal losses around 81.20/25 and reverting Friday’s correction higher. As of writing, DowJones is down 0.29% followed by the S&P500, 0.33%. On the other hand, the Nasdaq is up 0.19%.

The main indices in Europe posted decent losses on Monday, with the Fed again the leitmotif. The Spanish benchmark dropped 1.86%, followed by the CAC40, 0.97% and the FTSE100, 0.53%. The EUR/USD kept the erratic behavior throughout the session despite the absence of a docket in US and Europe, navigating now the area of 1.3340/45 after spiking to the vicinity of 1.3380 during the European morning.

In the commodities’ space, both the barrel of WTI and the ounce troy of gold are trading in red figures, down 0.32% at $107.12 and 0.39% at $1,365, respectively.