German economic sentiment drops for the first time in four month
In May, Germany’s economic sentiment index fell to -10.7, much higher than Mitrade's estimates of -2. The poor reading reflected concerns about Europe’s economic health in general. EUR/USD slipped 11 pips to 1.0863, and GBP/USD declined 41 pips to 1.2487. AUD/USD fell 45 pips to 0.6655.
Meanwhile, US retail sales grew 0.4% in April, lower than expected growth of 0.7%. USD/CAD added 11 pips to 1.3478, and USD/JPY moved up 26 pips to 136.38.
Spot gold plunged $28 to $1,988.95 an ounce, and WTI oil futures slid $0.25 to $70.86 a barrel. Bitcoin and Ethereum are trading lower at $27,112.0 and $1,829.99 respectively.
The Nasdaq 100 rose 12 points to 13,426. The S&P 500 retreated 26 points to 4,109, and the Dow Jones Industrial Average dropped 336 points to 33,012.
Meanwhile, US retail sales grew 0.4% in April, lower than expected growth of 0.7%. USD/CAD added 11 pips to 1.3478, and USD/JPY moved up 26 pips to 136.38.
Spot gold plunged $28 to $1,988.95 an ounce, and WTI oil futures slid $0.25 to $70.86 a barrel. Bitcoin and Ethereum are trading lower at $27,112.0 and $1,829.99 respectively.
The Nasdaq 100 rose 12 points to 13,426. The S&P 500 retreated 26 points to 4,109, and the Dow Jones Industrial Average dropped 336 points to 33,012.
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