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28 Mar 2013
S&P pointing to record high, dollar tumbles
FXstreet.com (Barcelona) - US markets are extending the rally on Thursday, pushing the S&P500 closer to the highest intraday level of 1,576 pts (October 11th 2011) after investors shrugged off poor US releases and jitters from Cyprus eased. The greenback, tracked by the US Dollar Index, is losing ground against its rivals albeit keeping the trade above the 83.00 figure, as market participants are cashing up recent gains. DowJones is up 0.28%, seconded by the S&P500 and the Nasdaq, up 0.30% and 0.20%, respectively.
Bourses in Euroland closed another month with profits, extending the rally to ten month in a row. Mixed German data plus a positive reaction in Cyprus after the banks re-opening have fuelled today’s upside. The CAC40 led the gains, advancing 0.53%, followed by the FTSE100, 0.38% and the IBEX35, 0.25%.
The single currency is consolidating gains above the key mark of 1.2800 after dipping to session lows around 1.2760, as the situation in Cyprus eclipsed the grim prospects stemming from the political scenario in Italy.
In the commodities space, the barrel of WTI continues its march north, gaining 0.46% at $97.03 while the ounce troy of gold is retreating 0.69% at $1,596
Bourses in Euroland closed another month with profits, extending the rally to ten month in a row. Mixed German data plus a positive reaction in Cyprus after the banks re-opening have fuelled today’s upside. The CAC40 led the gains, advancing 0.53%, followed by the FTSE100, 0.38% and the IBEX35, 0.25%.
The single currency is consolidating gains above the key mark of 1.2800 after dipping to session lows around 1.2760, as the situation in Cyprus eclipsed the grim prospects stemming from the political scenario in Italy.
In the commodities space, the barrel of WTI continues its march north, gaining 0.46% at $97.03 while the ounce troy of gold is retreating 0.69% at $1,596