FXstreet.com (Barcelona) - Following declines in Asian and European markets, Wall street has opened the week on weak note amid concerns about the economic consequences of swine flu. Euro ticks down while, Pound and Yen remain little moved in absence of macroeconomic news.
Dow Jones Industrial Index drops 0.66% with the Nasdaq index 0.82% down, and S&P Index trading 0.76% below the opening level.
Shares of travel such as airlines and cruise ship operators have been seriously hit on Monday after swine flu was confirmed to have killed more than 100 persons in Mexico and spread to other countries. On the contrary, drug-makers have been the largest gained on the epidemic outbreak.
Euro ticks lower
The Euro has edged lower on Early U.S. session; decline from 1.3300 high reached on Friday has extended below 1.3120 on early U.S. session, and the Euro trades now at 1.3105; 1.0% below its opening level.
The Pound has broken above 1.4580 resistance level ahead of Wall Street opening teaching 1.4630, although the Sterling has returned to test 1.4575 support after U.S. markets opening.
USD/JPY remains trading within a range between 96.50 and 96.90.
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