Red prevails in US markets, ahead of EcoFin

FXstreet.com (Barcelona) - US markets are following their European peers on Monday, trading in the red territory ahead of the results of the EcoFin gathering. Although hopes remain high regarding a deal on Greece’s next tranche of aid, the markets could not extend the recent upside, failing to surpass Friday’s highs.
On the other side, the greenback, measured by the US Dollar Index, has been trading flat the whole session in the boundaries of 80.30
At the moment, DowJones is retreating 0.60%, S&P500 0.49% and the Nasdaq is up a megre 0.03%.

Across the Atlantic, the main event remains today’s finance ministers’ meeting, against a backdrop of deteriorating consumer confidence, according to the German Gfk Survey. Bearishness however, has prevailed since the opening bell in London, as markets were unable to gain any traction.
Choppy session for the single currency, trading in the negative ground as well, as cautiousness was prevailing among investors, ahead of any announcement regarding Greece. As of writing, EUR/USD is trading at 1.2962 or retreating 0.2%.
The French CAC40 led the losses, down 0.79% followed by the FTSE100 0.56% and then the IBE35 0.49%.

Both the WTI and the Gold are posting losses so far, down 0.63% at $87.72/bbl and -0.14% at $1,749, respectively.

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