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22 May 2014
Markets up led by techs, dollar extends upside
FXStreet (Edinburgh) - The technology sector is propping up today’s advanced in the broader US markets, following the upbeat performances by HP (HPQ) and JD.com (JD).
The markets quickly shrugged off mixed data from today’s docket in the US economy, with the Nasdaq leading the way, up 0.62% and seconded by the S&P500, 0.33% and finally DowJones, up 0.08%. The DXY, which tracks the US dollar vs. its major competitors, is hovering over intraday highs around 80.30 and extending the advance to the third consecutive session.
The main bourses in Euroland closed in a mixed tone with sentiment wobbling between mixed PMI prints in the euro area and solid US manufacturing data. The DAX advanced 0.24% followed by the CAC40, 0.21%. Amongst the losers, the IBEX35 retreated 0.10% and the FTSE100 just 0.01%. The EUR/USD remains in the defensive camp, currently hovering around the mid-1.3600, as markets continue to price in further ECB easing in the June meeting.
In the commodities’ universe, the ounce troy of the precious metal is up 0.5% around $1,295 while the barrel of WTI is retreating almost 0.2% below the $104.00 mark.
The markets quickly shrugged off mixed data from today’s docket in the US economy, with the Nasdaq leading the way, up 0.62% and seconded by the S&P500, 0.33% and finally DowJones, up 0.08%. The DXY, which tracks the US dollar vs. its major competitors, is hovering over intraday highs around 80.30 and extending the advance to the third consecutive session.
The main bourses in Euroland closed in a mixed tone with sentiment wobbling between mixed PMI prints in the euro area and solid US manufacturing data. The DAX advanced 0.24% followed by the CAC40, 0.21%. Amongst the losers, the IBEX35 retreated 0.10% and the FTSE100 just 0.01%. The EUR/USD remains in the defensive camp, currently hovering around the mid-1.3600, as markets continue to price in further ECB easing in the June meeting.
In the commodities’ universe, the ounce troy of the precious metal is up 0.5% around $1,295 while the barrel of WTI is retreating almost 0.2% below the $104.00 mark.