Markets in Euroland grinding lower, EUR in narrow range

FXstreet.com (Edinburgh) -The main indices in Europe open in the red territory on Monday, following the grim mood in Asia and Friday’s pullback in Wall St., where higher yields continue to weigh on investors’ sentiment. The French benchmark is now leading the losers, down 0.63% and followed by the DAX, 0.62% and the IBEX35, down 0.41%. The EUR/USD seems to have found a comfort zone around 1.3320/25, down from overnight peaks in the boundaries of 1.3340. There area no events scheduled for today in the euro area, so a continuation of the current pattern would be ruled out.

Asian markets closed in a mixed tone, as the Fed’s tapering is still hovering over traders. The NIKKEI225 advanced 0.79% followed by the Shanghai, 0.83%. The Hang Seng retreated 0.44% and Singapore 0.65%.