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18 Jun 2013
US markets extending gains ahead of FOMC
FXstreet.com (Edinburgh) - Optimism amongst investors is building up ahead of tomorrow’s FOMC gathering, as hopes that Bernanke may allay the ‘tapering’ chatter are growing bigger. On the opposite side, the greenback is trading in the defensive territory, hovering over session lows around 80.70. DowJones is up 0.87% followed by the Nasdaq, 0.88% and the S&P500, 0.74%.
Bourses in Europe closed mostly with gains with the exception of the CAC40, down 0.08% and the more general Stoxx600, down 0.08%. Traders were moving in a cautious mode on Tuesday, ahead of the Fed meeting due on Wednesday. The FTSE100 led the winners, advancing 0.69% ahead of the IBEX35, up 0.54%. Choppy session for the shared currency, bottoming out around 1.3320 on mixed German ZEW Survey just to climb beyond 1.3400 the figure afterwards.
In the commodities’ realm, the barrel of light crude oil is advancing 0.71% at $98.47 while the ounce troy of gold is retreating sharply, 1.19% at $1,366.
Bourses in Europe closed mostly with gains with the exception of the CAC40, down 0.08% and the more general Stoxx600, down 0.08%. Traders were moving in a cautious mode on Tuesday, ahead of the Fed meeting due on Wednesday. The FTSE100 led the winners, advancing 0.69% ahead of the IBEX35, up 0.54%. Choppy session for the shared currency, bottoming out around 1.3320 on mixed German ZEW Survey just to climb beyond 1.3400 the figure afterwards.
In the commodities’ realm, the barrel of light crude oil is advancing 0.71% at $98.47 while the ounce troy of gold is retreating sharply, 1.19% at $1,366.