1 Jul 2013
US markets propelled by better data
Fxstreet.com (Edinburgh) - Renewed hopes that the US economy is transiting a sustainable recovery path were reignited after the manufacturing PMI and ISM indicators surprised investors to the upside. The greenback is posting meagre gains, navigating the lower end of today’s range around 83.20. The DowJones is now up 0.82% followed by the S&P500, 0.87% and the Nasdaq, 1.14%.
Markets in Euroland closed with strong gains on Monday, bolstered by positive results from the manufacturing sectors in the euro area and the US economy. The IBEX35 was the best performer, up 1.86%, seconded by the ftse100, 1.49% and the CAC40, 0.76%. The single currency is consolidating gains well above the 1.3000 mark, entering the last part of the NA session in the boundaries of 1.3060, near session highs.
In the commodities’ space, the ounce troy is rallying 2.21% at $1,250 and thus recovering in part from last week’s sharp sell-off. The barrel of WTI is following suit, advancing 1.25% at $97,75.
Markets in Euroland closed with strong gains on Monday, bolstered by positive results from the manufacturing sectors in the euro area and the US economy. The IBEX35 was the best performer, up 1.86%, seconded by the ftse100, 1.49% and the CAC40, 0.76%. The single currency is consolidating gains well above the 1.3000 mark, entering the last part of the NA session in the boundaries of 1.3060, near session highs.
In the commodities’ space, the ounce troy is rallying 2.21% at $1,250 and thus recovering in part from last week’s sharp sell-off. The barrel of WTI is following suit, advancing 1.25% at $97,75.