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1 Aug 2013
US markets in record highs on better data, Fed
FXstreet.com (Edinburgh) - The upbeat tone amongst investors lifted the S&P500 above the1,700 mark for the first time, after the FOMC insisted on its dovish tone and manufacturing and jobs data surprised to the upside on Thursday. The greenback, in terms of the US Dollar Index, is consolidating the recent advance beyond the 82.00 handle, just below session highs. As of writing the S&P500 advances 1.21%, followed by the Nasdaq, 1.20% and the DowJones, 0.91%.
Bourses across the pond closed in 2-month highs after manufacturing data and dovish stance from the major central banks boosted investors’ sentiment. The DAX was the top performer, gaining 1.63% and followed by the IBEX35, 1.27% and the CAC40, 1.25%. The single currency extended its intraday decline to levels sub 1.3200 on Draghi’s presser, down from Wednesday’s peaks around 1.3350. The EUR/USD later managed to gather traction and return to the current 1.3220 area, although the bearishness is not giving up.
When comes to commodities, the barrel of WTI is rallying 2.52% at $107.68 while the ounce troy of the precious metal is retreating 0.24% at $1,309.
Bourses across the pond closed in 2-month highs after manufacturing data and dovish stance from the major central banks boosted investors’ sentiment. The DAX was the top performer, gaining 1.63% and followed by the IBEX35, 1.27% and the CAC40, 1.25%. The single currency extended its intraday decline to levels sub 1.3200 on Draghi’s presser, down from Wednesday’s peaks around 1.3350. The EUR/USD later managed to gather traction and return to the current 1.3220 area, although the bearishness is not giving up.
When comes to commodities, the barrel of WTI is rallying 2.52% at $107.68 while the ounce troy of the precious metal is retreating 0.24% at $1,309.