10 May 2013
US markets mixed, as dollar flies
FXstreet.com (Barcelona) - Despite the mixed tone on Friday, shares in the US markets are closing the week with strong gains following the increasing risk-on trade that prevailed in the first half of the week. The greenback, gauged by the US Dollar Index, is advancing for a second day in a row after buying interest lifted the buck from lows around 81.80 on Thursday to the boundaries of 83.60 today.
DowJones is down 0.11% while the S&P500 and the Nasdad are advancing 0.07% and 0.52%, respectively.
Upbeat tone in Euroland allowed further gains in the main indices, led by the CAC40, 0.64% then the FTSE100, 0.49% and finally the DAX, 0.19%. The IBEX35 was the sole loser, down 0.33% for the day. Positive trade data from Germany boosted investors’ sentiment on Friday, adding to this week’s better data in the industrial production and thus confirming the incipient recovery in the first economy of the bloc.
Bad day for the single currency, as the USD rally dragged the EUR/USD early April lows in the area of 1.2930, although trimming some those losses now around 1.2980/85.
In the commodities space, both the ounce troy of the precious metal and the barrel of WTI are well into the red, falling 2.19% at $1,436 and 0.94% at $95.51, respectively.
DowJones is down 0.11% while the S&P500 and the Nasdad are advancing 0.07% and 0.52%, respectively.
Upbeat tone in Euroland allowed further gains in the main indices, led by the CAC40, 0.64% then the FTSE100, 0.49% and finally the DAX, 0.19%. The IBEX35 was the sole loser, down 0.33% for the day. Positive trade data from Germany boosted investors’ sentiment on Friday, adding to this week’s better data in the industrial production and thus confirming the incipient recovery in the first economy of the bloc.
Bad day for the single currency, as the USD rally dragged the EUR/USD early April lows in the area of 1.2930, although trimming some those losses now around 1.2980/85.
In the commodities space, both the ounce troy of the precious metal and the barrel of WTI are well into the red, falling 2.19% at $1,436 and 0.94% at $95.51, respectively.