4 Sep 2013
US markets posting strong gains, dollar surrender gains
FXstreet.com (Edinburgh) -Shares in the US trading floor are advancing for the second consecutive session on Wednesday, boosted by Ford Motor Co. (F) announcing retail sales in multi-year highs amidst increased optimism that the Fed could taper its bond buying programme this month. The greenback, measured by the US Dollar Index, is retreating for the first time after five consecutive sessions with gains, hovering over the 82.10/15 region. At the moment, DowJones is up 0.81%, followed by the S&P500 and the Nasdaq, advancing 0.95% and 1.03% respectively.
Positive results from the US economy helped to revert losses in the European markets on Wednesday, against the backdrop of renewed concerns on a probable attack to Syria. The IBEX35 advanced 0.53%, ahead of the DAX, 0.19% and the CAC40, 0.16%. The EUR/USD regained the 1.3200 handle after a better tone from the risk-appetite took over sentiment in the late European afternoon, although faltering in the proximities of 1.3220 afterwards.
In the commodities’ land, both the barrel of WTI and the ounce troy of gold are trading in the red territory, losing 1.27% at $107.16 and 1.64% at $1,388, respectively.
Positive results from the US economy helped to revert losses in the European markets on Wednesday, against the backdrop of renewed concerns on a probable attack to Syria. The IBEX35 advanced 0.53%, ahead of the DAX, 0.19% and the CAC40, 0.16%. The EUR/USD regained the 1.3200 handle after a better tone from the risk-appetite took over sentiment in the late European afternoon, although faltering in the proximities of 1.3220 afterwards.
In the commodities’ land, both the barrel of WTI and the ounce troy of gold are trading in the red territory, losing 1.27% at $107.16 and 1.64% at $1,388, respectively.