20 Aug 2013
US stocks advance as Treasuries retreat, dollar tumbles
FXstreet.com (Edinburgh) -Shares in the US trading floor are reverting a 4-day negative streak on Tuesday, helped by results above estimates from giant Best Buy (BBY) and lower Treasury yields. The greenback is now recovering some ground after bottoming out around 80.75, retreating for the second consecutive session. At the moment, The S&P500 is up 0.67% followed by the DowJones, 0.33% and the Nasdaq, 0.85%.
Investors across the pond kept the cautious tone on Tuesday ahead of the FOMC minutes due tomorrow, dragging the main indices lower despite the context favouring the riskier assets. The Spanish benchmark was the worst performer, down 1.79% and seconded by the CAC40, 1.355 and the DAX, 0.79%. The single currency is returning to the area of 1.3415 after climbing as high as 1.3450 in the European afternoon, quickly leaving behind the critical band at 1.3400/20.
When comes to commodities, the barrel of WTI is falling off the cliff, down 1.86% at $105.11 while the ounce troy of gold is resuming its recent advance, up 0.48% at $1,372.
Investors across the pond kept the cautious tone on Tuesday ahead of the FOMC minutes due tomorrow, dragging the main indices lower despite the context favouring the riskier assets. The Spanish benchmark was the worst performer, down 1.79% and seconded by the CAC40, 1.355 and the DAX, 0.79%. The single currency is returning to the area of 1.3415 after climbing as high as 1.3450 in the European afternoon, quickly leaving behind the critical band at 1.3400/20.
When comes to commodities, the barrel of WTI is falling off the cliff, down 1.86% at $105.11 while the ounce troy of gold is resuming its recent advance, up 0.48% at $1,372.