AirBnB value soars Markets turning down with little data

The US dollar continues on a strong note Let's see whats happening in the global markets

now... In the global equities market:

Wall Street closed sharply lower as investors strike a cautious note ahead of earnings season.

The hardest hit were tech stocks, while the S&P 500 saw its worst three-day span since

late-January. The Dow Jones Industrial Average gave up 166.84 points, or 1.02 per cent, to

1-62-45.87. The S&P 500 eased by 20.05 points to 18-45.04, while the NASDAQ slumped 47.97

points to 40-79.75. There was little in the way of economic news

to interest traders, with investors largely taking their leads from last Friday's mixed

jobs data, largely upbeat comments from Federal Reserve member James Bullard and news of further

unrest in Ukraine. The weakness on US markets followed a soft day in Europe, with the main

indices losing over 1 per cent. Airbnb the only BB and booking company may

soon be worth more than all but three of America's largest hotel chains. The website that lets

you rent people's homes and apartments is reportedly finalizing a deal to raise about

500 million dollars more from private equity firm TPG Capital and other investors, bringing

the company's valuation to $10 billion. Staying in a stranger's place is not only acceptable

now, but for an increasing number of people, it's the preferred way to book a vacation

rental. It helps tourists feel more like locals.

In the foreign exchange market the dollar fell modestly against most currencies as analysts

saw little immediate prospect for tighter US monetary policy. The euro rose to $1.37-40

from $1.37-01 Friday. The dollar slipped to 103.09 yen from 103.25 of the Japanese currency.

The euro advanced to 141.65 yen from 141.49. The March labor report showed the US added

192,000 jobs, which was close to expectations but not good enough to suggest the US Federal

Reserve will accelerate the time-table for raising benchmark interest rates. Traders

now wait on the Bank of Japan's decision In the commodities space gold prices rose

$18.90, to close at $13-03.50 its highest close since March 25th. The highest price

in more than a week came after data showed the US created slightly fewer jobs than expected

in March. The data pointed to moderate improvement in the labor market, suggesting the Federal

Reserve is likely to keep interest rates near zero well into 2015.

Oil prices have fallen after rebels agreed to reopen two of the four blockaded oil export

terminals in eastern Libya, suggesting the country's blockaded supplies might come back

on the market. West Texas Intermediate finished at $100.44 a barrel, a decline of 70 US cents

from Friday's close. Brent North Sea crude dropped 90 US cents to settle at $ 105.82

This is Amy Anderson from OptionRally signing off The Optionrally News Team will be taking

their spring vacation from April 13th and will return on the 1st of May with an exciting

new format. Have a great day...