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16 Apr 2014
Markets on the rise following data, Yellen
FXStreet (Edinburgh) - Equities in the US markets are advancing on Wednesday following auspicious results in China and the US industrial sector. Later optimistic appreciations by Chairwoman Yellen added to the upbeat sentiment.
At the moment, DowJones is up 0.72% and followed by the S&P500, 0.66% and the tech benchmark, 0.76%. The greenback, gauged by the DXY, is trading almost unchanged after three consecutive sessions of gains, currently near 79.80.
The main indices in Euroland closed with decent gains after good results from the Chinese docket. Collaborating with the sentiment, lower inflation readings in the euro bloc prompted investors to start considering some form of monetary easing by the ECB. The IBEX35 advanced the most, 1.63% followed by the DAX and the CAC40, up 1.57% and 1.39%, respectively. The EUR/USD remains unable to follow through the 1.3850 level although it is showing its usual resilience above the 1.3800 handle (currently around 1.3825/30).
In the commodities’ universe, the barrel of WTI is trading flat around $103.70 while the ounce troy of gold is posting meagre gains in the boundaries of the $1,300 mark.
At the moment, DowJones is up 0.72% and followed by the S&P500, 0.66% and the tech benchmark, 0.76%. The greenback, gauged by the DXY, is trading almost unchanged after three consecutive sessions of gains, currently near 79.80.
The main indices in Euroland closed with decent gains after good results from the Chinese docket. Collaborating with the sentiment, lower inflation readings in the euro bloc prompted investors to start considering some form of monetary easing by the ECB. The IBEX35 advanced the most, 1.63% followed by the DAX and the CAC40, up 1.57% and 1.39%, respectively. The EUR/USD remains unable to follow through the 1.3850 level although it is showing its usual resilience above the 1.3800 handle (currently around 1.3825/30).
In the commodities’ universe, the barrel of WTI is trading flat around $103.70 while the ounce troy of gold is posting meagre gains in the boundaries of the $1,300 mark.