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26 Aug 2013
US markets extend gains on poor data, lower yields
FXstreet.com (Edinburgh) -Shares in the US trading floor extend their positive momentum on Monday after mixed-to-negative US data offset the omnipresent chatter regarding the Fed’s tapering QE. Adding to the upbeat sentiment, yields continue to grind lower from recent peaks. The greenback, gauged by the US Dollar Index, is hovering over session highs around 81.50, reverting last Friday’s pullback. As of writing, DowJones is up 0.12%, followed by the S&P500, 0.16% and the Nasdaq, 0.56%.
Bourses in the Old Continent closed mixed after former Italian PM Silvio Berlusconi threatened to remove his party’s support to the Government, as fears of instability re-emerged in the peninsula. The Spanish benchmark retreated 0.42% followed by the CAC40, 0.06, while the DAX advanced 0.22%. There was no market activity in the UK due to the bank holiday. Choppy session for the single currency, driving the EUR/USD from peaks near 1.3400 to troughs in sub 1.3360 levels.
A firmer greenback is weighing on commodities, with the barrel of WTI falling 0.32% at $106.08 and the ounce troy of gold following suit, down 0.22% at $1,322.
Bourses in the Old Continent closed mixed after former Italian PM Silvio Berlusconi threatened to remove his party’s support to the Government, as fears of instability re-emerged in the peninsula. The Spanish benchmark retreated 0.42% followed by the CAC40, 0.06, while the DAX advanced 0.22%. There was no market activity in the UK due to the bank holiday. Choppy session for the single currency, driving the EUR/USD from peaks near 1.3400 to troughs in sub 1.3360 levels.
A firmer greenback is weighing on commodities, with the barrel of WTI falling 0.32% at $106.08 and the ounce troy of gold following suit, down 0.22% at $1,322.