16 Oct 2013
Markets rally after shutdown, deb-ceiling deal
FXstreet.com (Edinburgh) -Optimism has taken over sentiment on Wednesday after Democrats and Republican reached a deal to raise the debt ceiling and re-open the Government through February 7th and January 15th, respectively. The greenback, in terms of the US Dollar index, is now retracing the important spike to multi-week highs near 80.80 after the US deal, stabilizing around the mid 80.00s. As of writing, DowJones is up 1.01%, S&P500, 1.06% and the Nasdaq, 1.03%.
Bourses in the Old Continent closed mostly with gains on hopes of a deal in the US. The French benchmark was the sole loser, down 0.29% for the day. The IBEX35 climbed 0.75% and is now closer to the critical 10,000 pts while the FTSE100 gained 0.34% and the DAX, 0.47%. The single currency regained the mid 1.3500s after dipping to sub-1.3480 levels in the wake of the deal, as the greenback is surrendering gains.
In the commodities’ land, the barrel of WTI is rallying 1.15% at $102.36, followed by the ounce troy of gold, up 0.65% at $1,281.
Bourses in the Old Continent closed mostly with gains on hopes of a deal in the US. The French benchmark was the sole loser, down 0.29% for the day. The IBEX35 climbed 0.75% and is now closer to the critical 10,000 pts while the FTSE100 gained 0.34% and the DAX, 0.47%. The single currency regained the mid 1.3500s after dipping to sub-1.3480 levels in the wake of the deal, as the greenback is surrendering gains.
In the commodities’ land, the barrel of WTI is rallying 1.15% at $102.36, followed by the ounce troy of gold, up 0.65% at $1,281.