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10 Sep 2013
Syria and China propping up markets
FXstreet.com (Edinburgh) -US equities extend its weekly advance on Tuesday, bolstered by auspicious news from the Syrian front and upbeat data from the Chinese economy. The greenback, in terms of the US Dollar index, is partially paring yesterday’s losses and trying to clinch the key 82.00 handle. At the moment DowJones is up 0.68%, followed by the S&P500, 0.60% and the Nasdaq, 0.51%.
Bourses in Euroland closed with robust gains following better data from China and signs of relief from the Middle East. The German DAX was the best performer, up 2.0% and seconded by the IBEX35 and the CAC40, gaining 1.96% and 1.86%, respectively. The EUR/USD keeps the buying interest alive although failed to follow through Monday’s peaks at 1.3281, currently meandering around 1.3260/65.
Commodities are retreating markedly with the ounce troy of gold dropping 1.49% at $1,366 and the barrel of WTI following suit, 2.09% at $107.23.
Bourses in Euroland closed with robust gains following better data from China and signs of relief from the Middle East. The German DAX was the best performer, up 2.0% and seconded by the IBEX35 and the CAC40, gaining 1.96% and 1.86%, respectively. The EUR/USD keeps the buying interest alive although failed to follow through Monday’s peaks at 1.3281, currently meandering around 1.3260/65.
Commodities are retreating markedly with the ounce troy of gold dropping 1.49% at $1,366 and the barrel of WTI following suit, 2.09% at $107.23.