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26 Jun 2013
US markets advance as Fed’s ‘tapering’ chatter allays
Fxstreet.com (Edinburgh) - Shares in the US markets are advancing firmly on Wednesday, after a lower revision of the US GDP fuelled investors’ hopes of the Fed keeping the easing tap open for longer. The greenback is following suit, consolidating recent gains above the key resistance at 83.00. The DowJones is advancing 0.96% ahead of the Nasdaq, 0.86% and the S&P500, 0.93%.
Across the pond, European bourses closed in an upbeat tone bolstered by a better confidence index from Germany. The IBEX35 was the top performer, up 2.83% and followed by the CAC40, 2.09% and the FTSE100, 1.04%. Difficult day for the single currency, failing to hold the key level at 1.3100 and slipping to fresh lows in sub 1.3000 levels.
In the commodities’ space, the ounce troy of the precious metal continues its free-falling, down 3.39% at $1,231. The barrel of WTI is following suit, down 0.39% at $94.95.
Across the pond, European bourses closed in an upbeat tone bolstered by a better confidence index from Germany. The IBEX35 was the top performer, up 2.83% and followed by the CAC40, 2.09% and the FTSE100, 1.04%. Difficult day for the single currency, failing to hold the key level at 1.3100 and slipping to fresh lows in sub 1.3000 levels.
In the commodities’ space, the ounce troy of the precious metal continues its free-falling, down 3.39% at $1,231. The barrel of WTI is following suit, down 0.39% at $94.95.