24 Oct 2013
Expectations of delayed QE tapering boost markets
FXstreet.com (Edinburgh) -Equities in the US trading floor have recovered the smile on Thursday, posting strong gains amidst hopes of ‘looser for longer’ monetary policy. The selling interest continues to gyrate around the greenback, navigating session lows in the area of 79.15/10, in terms of the US Dollar index. At the moment, DowJones is up 0.72%, followed by the Nasdaq, 0.65% and the S&P500, 0.40%.
Bourses across the Atlantic closed with strong gains following upbeat data from the Chinese manufacturing sector. The IBEX35 was the best performer, up 0.89% and followed by the DAX, 0.68% and the FTSE100, up 0.58%. After hitting fresh 23-month highs beyond 1.3820, the EUR/USD is now easing to the boundaries of 1.3800 the figure, although keeping the strong bid tone.
In commodities’ land, the barrel of WTI is advancing 0.13% at $96.99 while the ounce troy of gold is up 1.08% at $1,348.
Bourses across the Atlantic closed with strong gains following upbeat data from the Chinese manufacturing sector. The IBEX35 was the best performer, up 0.89% and followed by the DAX, 0.68% and the FTSE100, up 0.58%. After hitting fresh 23-month highs beyond 1.3820, the EUR/USD is now easing to the boundaries of 1.3800 the figure, although keeping the strong bid tone.
In commodities’ land, the barrel of WTI is advancing 0.13% at $96.99 while the ounce troy of gold is up 1.08% at $1,348.