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17 May 2013
US markets posed for further gains on better data
FXstreet.com (Barcelona) - Better-than-expected data from the US CB Leading Indicator and the consumer sentiment gauged by the U. of Michigan index are bolstering today’s upside in the US equities, heading towards its fourth consecutive week of gains. The greenback, measured by the US Dollar Index, is testing intraday highs in the vicinity of 84.35/40 and closing the week with strong gains.
DowJones is up 0.34%, following by the S&P500 and the Nasdaq, advancing 0.46% and 0.45%, respectively.
Bourses in Euroland climbed to multi-year highs on Friday, propped up by the upbeat US data, allaying concerns about the US recovery. The CAC40 advanced 0.56%, seconded by the FTSE100, 0.53% and the IBEX35, 0.47%.
Another volatile session for the single currency, navigating around the area of 1.2830/35 after dipping to session lows in sub 1.2800 levels. The ongoing USD rally has been punishing the EUR throughout the week, dragging the cross from Monday’s tops around 1.3030.
In the commodities’ front, the selling pressure continues to hammer the ounce of gold, down 1.67% at $1,364 while the barrel of WTI is up 0.67% at $95.80.
DowJones is up 0.34%, following by the S&P500 and the Nasdaq, advancing 0.46% and 0.45%, respectively.
Bourses in Euroland climbed to multi-year highs on Friday, propped up by the upbeat US data, allaying concerns about the US recovery. The CAC40 advanced 0.56%, seconded by the FTSE100, 0.53% and the IBEX35, 0.47%.
Another volatile session for the single currency, navigating around the area of 1.2830/35 after dipping to session lows in sub 1.2800 levels. The ongoing USD rally has been punishing the EUR throughout the week, dragging the cross from Monday’s tops around 1.3030.
In the commodities’ front, the selling pressure continues to hammer the ounce of gold, down 1.67% at $1,364 while the barrel of WTI is up 0.67% at $95.80.