10 Oct 2013
US stocks rally as chances of default shrink
FXstreet.com (Edinburgh) -Shares in the US markets are posting strong advances on Thursday after the GOP proposed a 6-month increase of the debt ceiling, with the next deadline now on November 22nd. The greenback, in terms of the US Dollar index, is extending its weekly recovery, climbing to 80.60 although giving away some gains afterwards. As of writing DowJones is up 1.56% followed by the S&P500, 1.63% and the Nasdaq, 1.88%.
Markets in the Old Continent closed in a ‘sea of green’ bolstered by the upbeat news surrounding the debt ceiling and the likeliness of and end for the current shutdown. The IBEX35 was the top performer, up 2.35% and seconded by the CAC40, 2.21% and the DAX, 1.99%. The single currency bounced off overnight lows around 1.3490 to the area of 1.3545/50, although the upside lost fuel later, returning to the current 1.3530/35 region.
In commodities’ land, the barrel of WTI is advancing 1.24% at $102.87 while the ounce troy of gold is down 0.76% at $1,297.
Markets in the Old Continent closed in a ‘sea of green’ bolstered by the upbeat news surrounding the debt ceiling and the likeliness of and end for the current shutdown. The IBEX35 was the top performer, up 2.35% and seconded by the CAC40, 2.21% and the DAX, 1.99%. The single currency bounced off overnight lows around 1.3490 to the area of 1.3545/50, although the upside lost fuel later, returning to the current 1.3530/35 region.
In commodities’ land, the barrel of WTI is advancing 1.24% at $102.87 while the ounce troy of gold is down 0.76% at $1,297.