8 May 2014
Markets advance on upbeat data, Draghi
FXStreet (Edinburgh) - Equities in the US are trading on an upbeat mood bolstered by the positive results from the US labour market, with Claims dropping to 319K in the week ended on May 2nd.
The dovish tone from ECB’s Draghi left the door open for further easing in the June meeting, adding to the already generalized optimism. At the moment DowJones is up 0.38%, seconded by the S&P500, 0.16% and the Nasdaq, 0.28%. The DXY, which tracks the greenback against its major competitors, is advancing for the second consecutive session around 79.40, recovering from intraday lows sub-79.00.
The main indices in Euroland closed with gains after President Draghi hinted at the likeliness of some sort of ECB action in its next meeting in June. The IBEX35 was the best performer,
Advancing 1.7% and followed by the CAC40 and the DAX, up 1.37% and 0.9%, respectively. The single currency left the area of 2014 highs near 1.4000 the figure to drop more than one big-figure in the wake of Draghi’s press conference, currently looking to stabilize in the mid-1.3800s.
In the commodities’ space, the ounce troy of the precious metal is posting marginal losses just below $1,290. The barrel of WTI is hovering over the $100.00, down 0.6%.
The dovish tone from ECB’s Draghi left the door open for further easing in the June meeting, adding to the already generalized optimism. At the moment DowJones is up 0.38%, seconded by the S&P500, 0.16% and the Nasdaq, 0.28%. The DXY, which tracks the greenback against its major competitors, is advancing for the second consecutive session around 79.40, recovering from intraday lows sub-79.00.
The main indices in Euroland closed with gains after President Draghi hinted at the likeliness of some sort of ECB action in its next meeting in June. The IBEX35 was the best performer,
Advancing 1.7% and followed by the CAC40 and the DAX, up 1.37% and 0.9%, respectively. The single currency left the area of 2014 highs near 1.4000 the figure to drop more than one big-figure in the wake of Draghi’s press conference, currently looking to stabilize in the mid-1.3800s.
In the commodities’ space, the ounce troy of the precious metal is posting marginal losses just below $1,290. The barrel of WTI is hovering over the $100.00, down 0.6%.