FXstreet.com (Barcelona) - The stocks Markets in Europe are declining today's session, continuing with the negative note with Asian indexes have closed. European markets are falling on the back of rating concern. Moody's investors has said that UK and US had resilient AAA ratings due to a harder impact of the financial crisis than other countries like Canada, Germany and France.
Fed Chairman Ben Bernanke has commented yesterday that US will have an extended period of low interest rates with the inflation subdue for some time.
DJ EuroStoxx is easing 0.28%, FTSE 100 declines 0.60%, CAC 40 cedes 0.30 and the IBEX35 is reaching 0.40% losses so far today.
In Asia, Nikkei 225 has closed with 0.27% daily losses, Hang Seng index posted 1.20% declines today's session and the S&P/ASX 200 reached 0.13% losses so far.
EUR/USD has been rejected by the 1.4865 level, launching the pair to trade below 1.4800 again, close to 1.4890. GBP/USD has broken 1.6320 support and it has hit 1-week low at 1.6310. USD/JPY has fallen to 88.50 in the European morning after trading in a narrow range between 88.80 and 89.10 during the Asian session.
USD/CHF is testing intra-day highs at 1.0220, trading above 1.0200 after bouncing at 1.0165 just an hour ago. USD/CAD is trading close to MA55 and 200 hourly chart at 1.0535.
Manufacturing and Industrial production in Germany and United Kingdom has been released as worse than expected data, fueling concern.