11 Oct 2013
Hopes of a shutdown, debt-ceiling deal boost markets
FXstreet.com (Edinburgh) -US markets are extending the bullish momentum on Friday, advancing for the second consecutive session, as hopes of a deal to re-open the US Government shutdown and to rise the debt-ceiling are boosting the sentiment. The greenback, gauged by the US Dollar index, is trimming weekly losses and hovering over 80.40/45. At the moment, DowJones is up 0.63% seconded by the S&P500, 0.55% and the Nasdaq, 0.55%.
Bourses across the pond also closed with gains following renewed hopes of a deal to unlock the US political stand-off. The FTSE100 led the winners, advancing 0.88% and followed by the DAX, 0.45% and the IBEX35, 0.08%. The shared currency is meandering around the middle of the weekly range in the proximities of 1.3540, closely following the developments in the US fiscal front.
In the commodities’ space, the ounce troy of the precious metal is plummeting more than 2% at $1,266 while barrel of WTI is following the same path,, down 1.42% at $101.55.
Bourses across the pond also closed with gains following renewed hopes of a deal to unlock the US political stand-off. The FTSE100 led the winners, advancing 0.88% and followed by the DAX, 0.45% and the IBEX35, 0.08%. The shared currency is meandering around the middle of the weekly range in the proximities of 1.3540, closely following the developments in the US fiscal front.
In the commodities’ space, the ounce troy of the precious metal is plummeting more than 2% at $1,266 while barrel of WTI is following the same path,, down 1.42% at $101.55.