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9 Jul 2013
Optimism on earnings reports bolsters US markets
FXstreet.com (Edinburgh) - Shares in the US markets are extending gains for the third consecutive session on increasing hopes of better-than-expected earnings reports. The greenback, in terms of the US Dollar Index, is inching higher and trading in the upper end of the intraday range around 84.70. The DowJones is advancing 0.53%, followed by the Nasdaq, 0.55% and the S&P500, 0.73%.
Bourses across the Atlantic closed with decent gains with the exception of the Spanish benchmark, down 0.03% for the day. Renewed buying interest flowed into the stock markets after the Eurogroup granted Greece the next tranche of the financial aid. In addition, yesterday’s report from Alcoa (AA) also added to the prevailing optimism. The DAX led the winners advancing 1.12%, seconded by the FTSE100, 0.98% and the CAC40, 0.52%. Bad day for the single currency, falling to fresh session lows around 1.2760 despite the positive news from Greece and Portugal. The next big event for the pair will come tomorrow with the release of the FOMC minutes.
Both the WTI and the ounce troy of gold are ticking higher on Tuesday, up 0.21% at $103.36 and 0.70% at $1,243, respectively.
Bourses across the Atlantic closed with decent gains with the exception of the Spanish benchmark, down 0.03% for the day. Renewed buying interest flowed into the stock markets after the Eurogroup granted Greece the next tranche of the financial aid. In addition, yesterday’s report from Alcoa (AA) also added to the prevailing optimism. The DAX led the winners advancing 1.12%, seconded by the FTSE100, 0.98% and the CAC40, 0.52%. Bad day for the single currency, falling to fresh session lows around 1.2760 despite the positive news from Greece and Portugal. The next big event for the pair will come tomorrow with the release of the FOMC minutes.
Both the WTI and the ounce troy of gold are ticking higher on Tuesday, up 0.21% at $103.36 and 0.70% at $1,243, respectively.