21 Nov 2013
Markets posting strong gains on better data
FXstreet.com (Edinburgh) - US shares are advancing on Thursday against a backdrop of a lower presence of the Fed tapering. The sentiment was also boosted after the positive result from the weekly report on the US labour market. The greenback, tracked by the US Dollar index, is back above the 81.00 handle and closing with gains for the second consecutive session. At the moment, DowJones is up 0.68%, followed by the S&P500, 0.84% and the Nasdaq, 1.22%.
Bourses across the pond closed in a mixed tone on Thursday, after contrasting results from the PMIs in the region and the likelihood of the Fed starting its QE tapering in the near future. The IBEX35 was the best performer, up 0.42% and seconded by the FTSE100, closing flat. The CAC40 retreated 0.34% and the DAX 0.07%. After bottoming out around 1.3400, the EUR/USD managed to gather pace and climb to session highs near 1.3480, although surrendering some gains afterwards.
In the commodities’ universe, the ounce troy of gold is losing 1.11% at $1,244.
Bourses across the pond closed in a mixed tone on Thursday, after contrasting results from the PMIs in the region and the likelihood of the Fed starting its QE tapering in the near future. The IBEX35 was the best performer, up 0.42% and seconded by the FTSE100, closing flat. The CAC40 retreated 0.34% and the DAX 0.07%. After bottoming out around 1.3400, the EUR/USD managed to gather pace and climb to session highs near 1.3480, although surrendering some gains afterwards.
In the commodities’ universe, the ounce troy of gold is losing 1.11% at $1,244.