31 Jul 2013
US markets advance, Fed remains muted about tapering
FXstreet.com (Edinburgh) -Shares in the US markets are posting gains as market participants continue to digest the FOMC statement. The Committee gave no hints about tapering, although it emphasized the risks of consumer prices persistently below 2.0%. The greenback, in terms of the US Dollar Index, is trading in session lows around 81.55, rapidly giving away gains post-FOMC. DowJones is up 0.405 followed by the S&P500, 0.61% and the Nasdaq, 0.72%.
Bourses in Euroland closed in a ‘sea of green’, with the exception of the IBEX35, down 0.27% for the day. Better than expected data from the US labour market and GDP propelled the main indices to their third consecutive session of gains. The FTSE100 was the top performer, advancing 0.76%, ahead of the CAC40 0.15% and the DAX, 0.06%. The single currency is trading on an upbeat tone after the FOMC statement, consolidating the rally beyond 1.3300 the figure.
In the commodities’ realm, the ounce troy of gold is retreating 0.31% at $1,321 while the barrel of WTI is reverting recent losses, up 1.92% at $105.05.
Bourses in Euroland closed in a ‘sea of green’, with the exception of the IBEX35, down 0.27% for the day. Better than expected data from the US labour market and GDP propelled the main indices to their third consecutive session of gains. The FTSE100 was the top performer, advancing 0.76%, ahead of the CAC40 0.15% and the DAX, 0.06%. The single currency is trading on an upbeat tone after the FOMC statement, consolidating the rally beyond 1.3300 the figure.
In the commodities’ realm, the ounce troy of gold is retreating 0.31% at $1,321 while the barrel of WTI is reverting recent losses, up 1.92% at $105.05.