8 Nov 2013
Markets advance on mixed data, dollar higher
FXstreet.com (Edinburgh) -Upbeat data from the US labour market plus a poor reading from the consumer sentiment tracked by the Reuters/Michigan index are boosting stocks at the end of the week while market participants continue to gauge the next Fed step regarding QE tapering. The greenback, in terms of the US Dollar index, is closing the second consecutive week with gains, hovering around 81.30 after climbing as high as the vicinity of 81.50. At the moment, DowJones is up 0.64%, the S&P500, 0.98% and the Nasdaq 1.51%.
Markets in Euroland closed in a mixed tone against the backdrop of the French rating cut and renewed concerns about the Fed’s QE tapering following the strong reading from US Payrolls during October. The FTSE100 advanced 0.17% followed by the IBEX35, 0.07% while the DAX and the CAC40 closed in red, down 0.03% and 0.48%, respectively. The single currency dropped to 1.3320 against the greenback in the wake of the NFP result, although later managing to regain the 1.3360/65 region.
When comes to commodities, the ounce troy of gold is plummeting almost 2% around $1,280, while the barrel of WTI is advancing 0.21% at $94.40.
Markets in Euroland closed in a mixed tone against the backdrop of the French rating cut and renewed concerns about the Fed’s QE tapering following the strong reading from US Payrolls during October. The FTSE100 advanced 0.17% followed by the IBEX35, 0.07% while the DAX and the CAC40 closed in red, down 0.03% and 0.48%, respectively. The single currency dropped to 1.3320 against the greenback in the wake of the NFP result, although later managing to regain the 1.3360/65 region.
When comes to commodities, the ounce troy of gold is plummeting almost 2% around $1,280, while the barrel of WTI is advancing 0.21% at $94.40.