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American equity markets stumble Thursday

The US Stock market experienced a negative opening Thursday, unable to escape the same fate as its European counterpart. However, whereas the European economy looked to be bogged down in a quagmire, the US economy showed some upbeat data earlier today – .n the United States, Initial Jobless Claims (February 10) have come in at only 341K, against a consensus of 360K. In addition, Continuing Jobless Claims (February 3) were reported at 3.114M, against estimates calling for 3.200M.

Beginning with the indices and composites, the NASDAQ fell -0.32% as it settles in region of 3186.72, down -10.36 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1516.62, descending -3.71 points or -0.24% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13945.90, presently -0.26% after a stumble of -37.01 points.

Sectors are all in the red at the opening, however the Consumer non-Cyclical and Basic Materials sectors have distinguished themselves as the lone winners thus far, rising +1.19% and +0.10% respectively. In other news, the price of crude has settled above USD $97.57 Thursday.

Fundamental Afternoon Wrap: EUR & JPY take center stage

During the countdown to the US open we took a look at this afternoons research. Unlike this morning where GBP was in sharp focus, this afternoon sees a distinct focus on Europe following soft GDP data, and Japanese monetary policy, with the G20 starting tomorrow.
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Session Recap: EUR/USD suffers after GDP, GBP/USD at 6-month lows

Today's session was driven by pessimism toward the shared currency after the European Union and some of it members reported the economy contracted more than expected in the Q4. The EUR/USD weakened further after ECB Vice President Constancio suggested negative interest rates are a possibility. Elsewhere, the pound fell to a fresh 6-month low sub-1.5500 versus the greenback, while the yen continued to consolidate within its Monday's range.
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