29 Oct 2013
Markets advancing despite poor confidence data
FXstreet.com (Edinburgh) - Shares in the US trading floor are extending the upbeat momentum on Tuesday despite the significant drop of the US Consumer Confidence during September. The greenback, in terms of the US Dollar index, is following suit, meandering around the upper band of the intraday range beyond 79.60. At the moment DowJones is up 0.58% ahead of the S&P500, 0.40% and the Nasdaq, 0.14%.
Bourses in the Old Continent closed in a ‘sea of green’ ahead of the FOMC meeting due tomorrow, with corporate results from Nokia and BP boosting sentiment. The IBEX35 gained 1.31% followed by the FTSE100, 0.73% and the CAC40, 0.62%. The dingle currency is trading in weekly lows around 1.3740/45, down from intraday peaks beyond 1.3810.
In the commodities’ sphere, both the barrel of WTI and the ounce troy of gold are retreating, down 0.63% at $98.07 and 0.43% at $1,346, respectively.
Bourses in the Old Continent closed in a ‘sea of green’ ahead of the FOMC meeting due tomorrow, with corporate results from Nokia and BP boosting sentiment. The IBEX35 gained 1.31% followed by the FTSE100, 0.73% and the CAC40, 0.62%. The dingle currency is trading in weekly lows around 1.3740/45, down from intraday peaks beyond 1.3810.
In the commodities’ sphere, both the barrel of WTI and the ounce troy of gold are retreating, down 0.63% at $98.07 and 0.43% at $1,346, respectively.