18 Jul 2013
Better US data boost markets, dollar firmer
FXstreet.com (Edinburgh) -Equities in the US markets are posting intraday record highs on Thursday, after another decline in the weekly Claims and improved data from the Philly Fed lifted the main indices. The greenback is advancing for the second consecutive session, trimming last week’s losses and attempting to retake the key resistance at 83.00. DowJones is up 0.50%, followed by the Nasdaq 0.01% and the S&P500, 0.46%.
Across the Atlantic, bourses in Euroland closed in fresh 7-week highs boosted by the better US docket. The IBEX35 outperformed its peers advancing 1.85%, seconded by the CAC40, 1.44% and the DAX, 1.0%. The single currency is now testing session highs around 1.3120, breaking above the previous consolidation pattern.
In the commodities’ space, both the ounce troy of gold and the barrel of WTI are advancing 0.61% at $1,286 and 1.65% at $108.23, respectively.
Across the Atlantic, bourses in Euroland closed in fresh 7-week highs boosted by the better US docket. The IBEX35 outperformed its peers advancing 1.85%, seconded by the CAC40, 1.44% and the DAX, 1.0%. The single currency is now testing session highs around 1.3120, breaking above the previous consolidation pattern.
In the commodities’ space, both the ounce troy of gold and the barrel of WTI are advancing 0.61% at $1,286 and 1.65% at $108.23, respectively.