23 May 2014
Markets up on data, S&P near record close
FXStreet (Edinburgh) - Positive data from the US housing sector plus upbeat earnings reports from HP (HPQ) and GameStop Corp. (GME) boosted sentiment on Friday, pushing the markets higher.
The S&P500 (0.39%) is trading above its closing record so far and is poised to challenge the intraday record beyond 1,900. DowJones is advancing 0.35% and the Nasdaq, 0.52%. The greenback, in terms of the DXY, is trading in the 80.40 region posting at the same time fresh multi-week highs.
Bourses in the Old Continent closed mostly with gains with the exception of the British benchmark, retreating 0.07% for the day. Softer results from the German IFO accelerated the speculations around the promised easing measures by the ECB, bolstering the upbeat mood amongst investors. The DAX gained 0.48%, followed by the IBEX35 and the CAC40, up 0.36% and 0.33%, respectively. The EUR/USD is navigating around the key 200-d MA near 1.3630, recovering some pips after dipping to 1.3615/10.
In the commodities’ space, the barrel of WTI is up 0.55% around $104.30 while the ounce troy of gold is losing 0.3% at $1,290.
The S&P500 (0.39%) is trading above its closing record so far and is poised to challenge the intraday record beyond 1,900. DowJones is advancing 0.35% and the Nasdaq, 0.52%. The greenback, in terms of the DXY, is trading in the 80.40 region posting at the same time fresh multi-week highs.
Bourses in the Old Continent closed mostly with gains with the exception of the British benchmark, retreating 0.07% for the day. Softer results from the German IFO accelerated the speculations around the promised easing measures by the ECB, bolstering the upbeat mood amongst investors. The DAX gained 0.48%, followed by the IBEX35 and the CAC40, up 0.36% and 0.33%, respectively. The EUR/USD is navigating around the key 200-d MA near 1.3630, recovering some pips after dipping to 1.3615/10.
In the commodities’ space, the barrel of WTI is up 0.55% around $104.30 while the ounce troy of gold is losing 0.3% at $1,290.