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FXstreet.com (Barcelona) - US stocks are trading in the negative ground at the beginning of the week, ahead of the earnings season, as renewed 'fiscal cliff' woes are weighting on investors' mood. After last week's strong gains, US bourses are partially retracing those gains, despite the risk-on trade now prevailing in the markets. The US dollar has reverted a positive start, and is now trading in the mid 80.00s after hitting 80.80
The DowJones is down 0.53%, seconded by the S&P500 and the Nasdaq, losing 0.52% and 0.28%, respectively.

Markets in Europe also closed in red, after last week's celebratory rally on the US 'fiscal cliff'. Losses were led by the French benchmark, down 0.68% followed by the DAX 0.56% and the FTSE100 0.41%. After falling to session lows around 1.3020, the single currency has managed to gain traction, trading back above the 1.3100 figure as of writing.

Commodities are trading mixed on Monday, as the barrel of WTI is now advancing 0.09% at 93.17 while de ounce troy of gold losses 0.20% at 1645

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