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25 Jun 2013
US markets reverting recent losses on better data, dollar gains
Fxstreet.com (Edinburgh) - Equities in the US markets are partially recovering the ground lost in the recent sell-off, after auspicious data from the US economy boosted the optimism amongst investors. The greenback, in terms of the US Dollar index, is resuming its upside bolstered by the prevailing risk aversion. The DowJones is up 0.76% followed by the Nasdaq, 0.68% and the S&P500, 0.96%.
Bourses across the Atlantic reverted the recent losing streak, closing in an upbeat tone on better US data. Chinese officials allayed jitters on rumours of a credit crunch in the domestic economy, adding to the prevailing positive tone. The German benchmark led the winners advancing 1.55% followed by the CAC40, 1.51% and the FTSE100, 1.21%. The shared currency is trading on the back foot, stabilizing around 1.3100 the figure after dipping to session lows around 1.3060 post-US data.
In the commodities realm, both the barrel of WTI and the ounce troy of gold are losing ground, down 0.02% at $95.16 and 0.14% at $1,275, respectively.
Bourses across the Atlantic reverted the recent losing streak, closing in an upbeat tone on better US data. Chinese officials allayed jitters on rumours of a credit crunch in the domestic economy, adding to the prevailing positive tone. The German benchmark led the winners advancing 1.55% followed by the CAC40, 1.51% and the FTSE100, 1.21%. The shared currency is trading on the back foot, stabilizing around 1.3100 the figure after dipping to session lows around 1.3060 post-US data.
In the commodities realm, both the barrel of WTI and the ounce troy of gold are losing ground, down 0.02% at $95.16 and 0.14% at $1,275, respectively.