Back
17 Mar 2014
Markets advance on upbeat data
FXStreet (Edinburgh) - Auspicious data from the US docket are allowing decent gains in the markets at the beginning of the week, with DowJones up near 200 pts or 1.2%.
S&P500 and the Nasdaq are following suit, up 1.07% and 1.0% respectively after better US industrial production and Empire State index boosted investors’ sentiment. The DXY, which tracks the greenback against its major rivals, is now bouncing off session lows and navigating in sub-79.40 levels.
Bourses in Euroland closed in a ‘sea of green’ after sanctions over Russia were deemed as ‘not worrying’ by the markets. The measures follow Sunday’s referendum in Crimea, where 97% of Crimeans favoured (re) joining Russia. The IBEX35 was the best performer, up 1.66% and seconded by the DAX, 1.37% and the CAC40, 1.32%. The EUR/USD quickly shrugged-off softer-than-expected CPI figures in the euro area, and is now consolidating its advance beyond the 1.3900 handle.
In the commodities’ space, both the barrel of WTI and the ounce troy of gold are losing ground: down 0.90% near the $98.00 handle and 0.90% just below $1,370 respectively.
S&P500 and the Nasdaq are following suit, up 1.07% and 1.0% respectively after better US industrial production and Empire State index boosted investors’ sentiment. The DXY, which tracks the greenback against its major rivals, is now bouncing off session lows and navigating in sub-79.40 levels.
Bourses in Euroland closed in a ‘sea of green’ after sanctions over Russia were deemed as ‘not worrying’ by the markets. The measures follow Sunday’s referendum in Crimea, where 97% of Crimeans favoured (re) joining Russia. The IBEX35 was the best performer, up 1.66% and seconded by the DAX, 1.37% and the CAC40, 1.32%. The EUR/USD quickly shrugged-off softer-than-expected CPI figures in the euro area, and is now consolidating its advance beyond the 1.3900 handle.
In the commodities’ space, both the barrel of WTI and the ounce troy of gold are losing ground: down 0.90% near the $98.00 handle and 0.90% just below $1,370 respectively.