3 Jul 2013
Positive US jobs data bolstered markets
FXstreet.com (Edinburgh) - Shares in the US markets closed with gains on the reduced session pre-Independence Day, propped up by upbeat data from the US ADP report and another drop from Initial Claims in the last week, confirming the incipient recovery of the labour market. The greenback closed near session lows, although keeping the price action above the key level at 83.00. The DowJones advanced 0.38% followed by the Nasdaq, 0.30% and the S&P500, 0.08%.
Markets across the pond closed with important losses, as jitters on Portugal and its ongoing political crisis spooked investors and prompted a rise in bond yields. The IBEX35 led the losses, down 1.56% followed by the FTSE100, 1.17% and the CAC40, 1.08%. The single currency seems to be stabilizing around 1.3000 the figure after bottoming out around 1.2920 during the European morning. The euro is set to remain under pressure in light of the ECB gathering due tomorrow.
In the commodities’ realm, the barrel of WTI is trading around $101.00, advancing 1.51%. The ounce troy of gold is following suit, up 0.66% at $1,251.
Markets across the pond closed with important losses, as jitters on Portugal and its ongoing political crisis spooked investors and prompted a rise in bond yields. The IBEX35 led the losses, down 1.56% followed by the FTSE100, 1.17% and the CAC40, 1.08%. The single currency seems to be stabilizing around 1.3000 the figure after bottoming out around 1.2920 during the European morning. The euro is set to remain under pressure in light of the ECB gathering due tomorrow.
In the commodities’ realm, the barrel of WTI is trading around $101.00, advancing 1.51%. The ounce troy of gold is following suit, up 0.66% at $1,251.