Daily Market Review 16 of May
Overview

The red color dominates Wall Street at the end of the day. U.S. stock indices ended in the second session on Wall Street this week is a negative witness to the lowest level of the S & P 500 nearly three months, in light of political developments that we see by the old continent, which raises many doubts and fears in the hearts of investors.

European stock indexes conclude the second week's sessions on the red color with a failure to form a government in Greece. Enables the main index for the European market STOXX 600 from closing down 245.76 at 0.67%, and the index for the euro area STOXX 50 index ended the ended down by 1.06% to close at 2,178.67.

On the other side of the word Asian stocks fell on the back of the differences Greek. Asian stocks fell on the back of the failure to form a government coalition Greek to resolve the debt crisis as well as vulnerable to decline requests for industrial machinery in Japan.

Where MSCI Asian index fell by 0.6% in Tokyo as well as the Nikkei 225 index lost 0.4% to the decline of the S & P / ASX 200 Australian rate of 1.2%. On the other hand the Japanese yen fell by 0.2% to 80.38 against the dollar also fell for a fourth day of oil in New York by 0.7% to $ 93.29 a barrel.

Currencies

EUR/USD

The euro was lower against the U.S. dollar on Wednesday.

EUR / USD was trading at 1.2728, down 0.02% at the time of 03:05 GMT.

The pair was likely to find support at 1.2722, lower level Tuesday, and resistance at 1.2957, the highest level on Friday.

At the same time, the euro rose against the British pound and Japanese yen, and the EUR / GBP increased by 0.05% to reach 0.7964 and EUR / JPY up 0.20% to reach 102.27



Market events

Wednesday may May 16th

5:30 am        GBP       BOE Gov King Speaks
8:30 am        USD       Building Permits