20 Mar 2014
Markets advance on upbeat US data
FXStreet (Edinburgh) - US markets are smiling again on Thursday, recovering part of the ground lost after yesterday’s hawkish tone from Yellen & Co.
A positive reading from the manufacturing Philly Fed survey was enough to ignite optimism amongst investors today, shrugging-off mixed data from the housing and employment sectors and pushing indices higher. DowJones is now up 0.65% followed by the S&P500, 0.60% and the Nasdaq, 0.38%. The DXY, which tracks the greenback against its major competitors, is retreating from session peaks and trading back to the 80.20 region.
Bourses in Euroland closed in a mixed tone following the US docket, with the IBEX35 and the FTSE100 in the red territory, down 0.47% and 0.13%, respectively while the CAC40 advanced 0.46% followed by the DAX, 0.21%. The single currency retreated even more today, extending the selling interest post-FOMC meeting and dragging the EUR/USD to the lower band of the range around 1.3760/80.
Commodities are trading on the back footing on Thursday, with the barrel of WTI dropping almost 1% around $99.40 and the ounce troy of gold following suit, down 0.75% in the area of $1,330.
A positive reading from the manufacturing Philly Fed survey was enough to ignite optimism amongst investors today, shrugging-off mixed data from the housing and employment sectors and pushing indices higher. DowJones is now up 0.65% followed by the S&P500, 0.60% and the Nasdaq, 0.38%. The DXY, which tracks the greenback against its major competitors, is retreating from session peaks and trading back to the 80.20 region.
Bourses in Euroland closed in a mixed tone following the US docket, with the IBEX35 and the FTSE100 in the red territory, down 0.47% and 0.13%, respectively while the CAC40 advanced 0.46% followed by the DAX, 0.21%. The single currency retreated even more today, extending the selling interest post-FOMC meeting and dragging the EUR/USD to the lower band of the range around 1.3760/80.
Commodities are trading on the back footing on Thursday, with the barrel of WTI dropping almost 1% around $99.40 and the ounce troy of gold following suit, down 0.75% in the area of $1,330.