29 Apr 2014
Markets advance on upbeat earnings reports
FXStreet (Edinburgh) - Equities in the US markets are trading on a firm footing bolstered by earnings reports exceeding expectations.
Better news from the corporate sector offset the poor US docket today, which saw consumer confidence and the S&P/Case-Shiller index missing forecasts. At the moment the DowJones is up 0.54%, seconded by the S&P500, 0.48% and the Nasdaq, 0.76%.The greenback, gauged by the DXY, is advancing beyond 79.80 and reverting five consecutive sessions of losses.
Markets in the Old Continent closed in a ‘sea of green’ following positive earnings reports from the corporate sector. The DAX was the best performer, gaining 1.46% and followed by the IBEX35 and the FTSE100, up 1.36% and 1.04%, respectively. The EUR reacted adversely after the softer-than-expected German CPI, dragging the EUR/USD to 3-day lows near 1.3800 after climbing as high as 1.3880.
In the commodities’ space, the ounce troy of gold is posting marginal losses just below the $1,300 mark. The barrel of WTI is advancing 0.3% around $101.30.
Better news from the corporate sector offset the poor US docket today, which saw consumer confidence and the S&P/Case-Shiller index missing forecasts. At the moment the DowJones is up 0.54%, seconded by the S&P500, 0.48% and the Nasdaq, 0.76%.The greenback, gauged by the DXY, is advancing beyond 79.80 and reverting five consecutive sessions of losses.
Markets in the Old Continent closed in a ‘sea of green’ following positive earnings reports from the corporate sector. The DAX was the best performer, gaining 1.46% and followed by the IBEX35 and the FTSE100, up 1.36% and 1.04%, respectively. The EUR reacted adversely after the softer-than-expected German CPI, dragging the EUR/USD to 3-day lows near 1.3800 after climbing as high as 1.3880.
In the commodities’ space, the ounce troy of gold is posting marginal losses just below the $1,300 mark. The barrel of WTI is advancing 0.3% around $101.30.