8 Aug 2013
US markets advance on China, Fed’s taper timing
FXstreet.com (Edinburgh) -Buyers are back to the US trading floor on Thursday, reverting three consecutive days of red figures. Positive trade data from the Chinese economy plus a soft weekly report on the US labour market are behind today’s gains. The greenback, tracked by the US Dollar Index, is giving ground again, toying with the key 82.00 handle after dipping to fresh 2-month lows around 80.85. At the moment, DowJones is up 0.29%, followed by the S&P500 and the Nasdaq, advancing 0.49% and 0.55% respectively.
Bourses in Euroland closed with gains against the backdrop of better Chinese trade figures. The Spanish benchmark outperformed its peers gaining 1.14%, seconded by the DAX, 0.70% and the CAC40, 0.64%. The EUR rally is not giving up, pushing the pair to fresh highs at 1.3400 the figure, although losing some momentum afterwards.
When comes to commodities, the barrel of crude oil is retreating 1.19% at $103.16 while the ounce troy of the precious metal is rallying almost 2% at $1,310.
Bourses in Euroland closed with gains against the backdrop of better Chinese trade figures. The Spanish benchmark outperformed its peers gaining 1.14%, seconded by the DAX, 0.70% and the CAC40, 0.64%. The EUR rally is not giving up, pushing the pair to fresh highs at 1.3400 the figure, although losing some momentum afterwards.
When comes to commodities, the barrel of crude oil is retreating 1.19% at $103.16 while the ounce troy of the precious metal is rallying almost 2% at $1,310.