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31 Oct 2013
Markets advance ahead of Chinese data
FXstreet.com (Edinburgh) - US markets are recovering from yesterday’s Fed-induced pullback, posting decent gains ahead of key Chinese PMI data due overnight. The greenback extends its bullish momentum beyond the psychological mark at 80.00, printing fresh 2-week highs around 80.20/30. At the moment, DowJones is advancing 0.20% followed by the S&P500, 0.29% and the Nasdaq 0.33%.
Bourses across the pond closed mostly in red with the exception of the FTSE100, down 0.68% for the day. Positive corporate earnings reports helped the main indices after poor data from Germany and the euro area were weighing on sentiment. The IBEX35 gained 1.32% seconded by the CAC40, 0.60% and the DAX, 0.26%. The single currency extended its bearish momentum against the greenback, falling to fresh 2-week lows in sub-1.3600 levels.
In the commodities’ space, the barrel of WTI alternate gains with losses around $96.75 while the ounce troy of the precious metal is plummeting 1.82% at $1,324.
Bourses across the pond closed mostly in red with the exception of the FTSE100, down 0.68% for the day. Positive corporate earnings reports helped the main indices after poor data from Germany and the euro area were weighing on sentiment. The IBEX35 gained 1.32% seconded by the CAC40, 0.60% and the DAX, 0.26%. The single currency extended its bearish momentum against the greenback, falling to fresh 2-week lows in sub-1.3600 levels.
In the commodities’ space, the barrel of WTI alternate gains with losses around $96.75 while the ounce troy of the precious metal is plummeting 1.82% at $1,324.