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2 Oct 2013
Markets extends the recovery on shutdown hopes
FXstreet.com (Edinburgh) -Equities in the US markets are prolonging the current rebound from session lows after a meeting organized by President Obama and congressional leaders re-ignited hopes of a quick solution to the current Government shutdown and will provide a start for the debt ceiling negotiations. The greenback is following suit, bouncing off intraday lows and targeting another visit to the 80.00 handle, although it remains mired in the negative ground. At the moment DowJones is losing 0.46% followed by the S&P500, 0.19% and the Nasdaq, 0.02%.
Markets in Euroland modestly retreated on Wednesday, amidst increasing concerns on the US shutdown and the debt ceiling, neutralizing the upbeat news from Italy, where PM Enrico Letta won the confidence vote in the Senate. The CAC40 dropped 0.92%, ahead of the DAX, 0.69% and the FTSE100, 0.35%. The Spanish benchmark was the sole exception, advancing 0.09% for the day. The shared currency has been propelled to fresh multi-month highs beyond 1.3600 the figure after the positive news from Italy. The apathetic and repetitive tone from the press conference by ECB’s Draghi also collaborated in the EUR bullish momentum.
In the commodities’ land, the barrel of WTI is up 1.75% at $103.83 and the ounce troy of gold is following the same direction, gaining 2.34% at $1,316.
Markets in Euroland modestly retreated on Wednesday, amidst increasing concerns on the US shutdown and the debt ceiling, neutralizing the upbeat news from Italy, where PM Enrico Letta won the confidence vote in the Senate. The CAC40 dropped 0.92%, ahead of the DAX, 0.69% and the FTSE100, 0.35%. The Spanish benchmark was the sole exception, advancing 0.09% for the day. The shared currency has been propelled to fresh multi-month highs beyond 1.3600 the figure after the positive news from Italy. The apathetic and repetitive tone from the press conference by ECB’s Draghi also collaborated in the EUR bullish momentum.
In the commodities’ land, the barrel of WTI is up 1.75% at $103.83 and the ounce troy of gold is following the same direction, gaining 2.34% at $1,316.