15 Jul 2013
US markets extend the advance, dollar flat
FXstreet.com (Edinburgh) -US shares are extending its recent upside, propped up by better-than-expected results from the financial giant Citigroup Inc. (C). The greenback, in terms of the US Dollar index, is posting meagre gains, clinging to the key support at 83.00. The DowJones is up 0.21%, followed by the Nasdaq, 0.20% and the S&P500, 0.19%.
Markets in Euroland posted decent gains after the Chinese economic activity expanded as expected during the second quarter, allaying fears of a ‘hard landing’. The FTSE100 was the best performer, advancing 0.63%, seconded by the CAC40, 0.61% and the DAX, 0.27%. The single currency is challenging session highs beyond 1.3070 after dipping to sub 1.3000 levels pre-US retail sales.
In the commodities’ space, both the barrel of WTI and the ounce troy of gold are trading in an upbeat tone, advancing 0.37% at $106.34 and 0.27% at $1,281, respectively.
Markets in Euroland posted decent gains after the Chinese economic activity expanded as expected during the second quarter, allaying fears of a ‘hard landing’. The FTSE100 was the best performer, advancing 0.63%, seconded by the CAC40, 0.61% and the DAX, 0.27%. The single currency is challenging session highs beyond 1.3070 after dipping to sub 1.3000 levels pre-US retail sales.
In the commodities’ space, both the barrel of WTI and the ounce troy of gold are trading in an upbeat tone, advancing 0.37% at $106.34 and 0.27% at $1,281, respectively.