12 Feb 2014
Markets mixed on China, UK
FXStreet (Edinburgh) - Stronger than expected Chinese trade data helped to lift risk sentiment on Wednesday, adding to the upbeat mood after Yellen’s speech yesterday.
St. Louis Fed’s J.Bullard also collaborated with the upside, underlying his optimism regarding the US economy for the present year. In the UK, a positive BoE’s Quarterly Inflation Report also added to the prevailing sentiment. As of writing, DowJones is losing 0.10% while the Nasdaq and the S&P500 are advancing 0.35% and 0.09%, respectively. The greenback, in terms of the DXY, is retreating from session highs beyond 80.80 although keeping intraday gains around 80.65/70.
Bourses in Euroland extended its winning streak to six sessions on Wednesday, propped up by Chinese data above all. The DAX advanced 0.65%, seconded by the CAC40, 0.52% and the FTSE100, 0.04%. The IBEX35 retreated 0.10%, closing just above the 10K mark. The EUR/USD suffered the dovish comments by ECB’s B.Coeure, after he stressed the central bank is considering negative deposit rates ‘very seriously’.
In the commodities’ space, the ounce troy of gold is trading shy of the $1,300 handle, up 0.33%. The barrel of WTI is following suit, up 0.32% just above the $100.00 level.
St. Louis Fed’s J.Bullard also collaborated with the upside, underlying his optimism regarding the US economy for the present year. In the UK, a positive BoE’s Quarterly Inflation Report also added to the prevailing sentiment. As of writing, DowJones is losing 0.10% while the Nasdaq and the S&P500 are advancing 0.35% and 0.09%, respectively. The greenback, in terms of the DXY, is retreating from session highs beyond 80.80 although keeping intraday gains around 80.65/70.
Bourses in Euroland extended its winning streak to six sessions on Wednesday, propped up by Chinese data above all. The DAX advanced 0.65%, seconded by the CAC40, 0.52% and the FTSE100, 0.04%. The IBEX35 retreated 0.10%, closing just above the 10K mark. The EUR/USD suffered the dovish comments by ECB’s B.Coeure, after he stressed the central bank is considering negative deposit rates ‘very seriously’.
In the commodities’ space, the ounce troy of gold is trading shy of the $1,300 handle, up 0.33%. The barrel of WTI is following suit, up 0.32% just above the $100.00 level.