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14 May 2013
US markets advance on better US growth prospects, dollar rallies
FXstreet.com (Barcelona) - Shares in the US markets are extending recent gains, bolstered by the improving confidence amongst investors in the US economic growth. The greenback, gauged by the US Dollar Index, is resuming its upside, trading in session highs in the proximities of 83.60.
DowJones is advancing 0.60% followed by the Nasdaq and the S&P500, up 0.68% and 0.86%, respectively.
Bourses in Euroland shrugged off the poor results from the German ZEW Survey and edged higher on Tuesday, with indices closing in fresh record highs after a negative start. The FTSE100 was the best performer, advancing 0.82%, followed by the DAX, 0.72% and the CAC40, 0.53%.
After hitting intraday highs above 1.3020 overnight, the single currency initiated a correction lower to the current multi-week lows around 1.2930/35, as risk-off trade continues to weight on sentiment.
In the commodities realm, both the barrel of WTI and the ounce troy of gold are trading in the negative ground, losing 0.29% at $94.89 and 0.69% at $1,424.
DowJones is advancing 0.60% followed by the Nasdaq and the S&P500, up 0.68% and 0.86%, respectively.
Bourses in Euroland shrugged off the poor results from the German ZEW Survey and edged higher on Tuesday, with indices closing in fresh record highs after a negative start. The FTSE100 was the best performer, advancing 0.82%, followed by the DAX, 0.72% and the CAC40, 0.53%.
After hitting intraday highs above 1.3020 overnight, the single currency initiated a correction lower to the current multi-week lows around 1.2930/35, as risk-off trade continues to weight on sentiment.
In the commodities realm, both the barrel of WTI and the ounce troy of gold are trading in the negative ground, losing 0.29% at $94.89 and 0.69% at $1,424.