22 Aug 2013
Decent US, Chinese data are lifting the markets
FXstreet.com (Edinburgh) -Equities in the US trading floor continue to trim recent losses, bolstered by decent data from he US economy and positive prospects from China after today’s manufacturing PMI returned to expansionary ground. The greenback, tracked by the US Dollar Index, is hovering over 81.50 and advancing for the second consecutive session. As of writing the DowJones is up 0.38% followed b the S&P500, 0.72% and the Nasdaq, 0.87%.
Bourses across the pond posted decent gains after upbeat manufacturing/services PMI results confirmed the recovery in the region is on the right track. Chinese PMI also collaborated with the upside momentum, returning to levels beyond the 50 threshold. The IBEX35 outperformed its peers, up 1.98% and followed by the DAX and the CAC40, advancing 1.36% and 1.10%, respectively. The single currency dropped below the 1.3300 handle during the European morning, although gathering steam afterwards to the current region around 1.3365/70.
In the commodities’ realm, the ounce troy of the precious metal is up 0.12% at $1,371. The barrel of WTI is following suit, 0.72% at $104.60.
Bourses across the pond posted decent gains after upbeat manufacturing/services PMI results confirmed the recovery in the region is on the right track. Chinese PMI also collaborated with the upside momentum, returning to levels beyond the 50 threshold. The IBEX35 outperformed its peers, up 1.98% and followed by the DAX and the CAC40, advancing 1.36% and 1.10%, respectively. The single currency dropped below the 1.3300 handle during the European morning, although gathering steam afterwards to the current region around 1.3365/70.
In the commodities’ realm, the ounce troy of the precious metal is up 0.12% at $1,371. The barrel of WTI is following suit, 0.72% at $104.60.