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16 May 2013
US markets reverted initial losses, dollar tumbles
FXstreet.com (Barcelona) - Shares in the US market are now trading in the positive territory on Thursday, shrugging off the poor batch of economic data in the US economy and helped by the outperformance of Cisco Systems Inc. (CSCO). The greenback, measured by the US Dollar Index, is grinding lower and partially trimming recent gains around 83.75/80.
DowJones is now up 0.02%, followed by the Nasdaq, 0.16%. The S&P500 is retreating 0.07%.
With the disappointing US data as leitmotif, bourses in Euroland closed in red with the exception of the German benchmark, extending its record gains, up 0.09%. The IBEX35 led the losers, down 0.47% and followed by the FTSE100, 0.09% and the CAC40, 0.08%.
The single currency reverted the recent negative trend, climbing to the area of 1.2930 in the wake of the US data after bottoming around 1.2840. At the moment, the cross is hovering over the 1.29 handle.
In the commodities sphere, the barrel of WTI is up 0.76% at $95.02 while the ounce troy of gold is retreating 0.86% at $1,384.
DowJones is now up 0.02%, followed by the Nasdaq, 0.16%. The S&P500 is retreating 0.07%.
With the disappointing US data as leitmotif, bourses in Euroland closed in red with the exception of the German benchmark, extending its record gains, up 0.09%. The IBEX35 led the losers, down 0.47% and followed by the FTSE100, 0.09% and the CAC40, 0.08%.
The single currency reverted the recent negative trend, climbing to the area of 1.2930 in the wake of the US data after bottoming around 1.2840. At the moment, the cross is hovering over the 1.29 handle.
In the commodities sphere, the barrel of WTI is up 0.76% at $95.02 while the ounce troy of gold is retreating 0.86% at $1,384.