Back
1 Oct 2013
Markets advancing as shutdown fades
FXstreet.com (Edinburgh) -Shares in the US markets are advancing on Tuesday despite the US government shutdown, as market participants gauged the closure as temporary, boosting the sentiment. The greenback, in terms of the US Dollar index, is following suit, rebounding from lows below 79.90 and regaining the area of 80.20, albeit still trading in the negative territory. At the moment DowJones is up 0.49% followed by the Nasdaq, 1.13% and the S&P500, 0.84%.
Bourses in Euroland posted strong gains with the exception of the British benchmark, losing 0.03% for the day. Investors left behind the partial shutdown and shifted their focus on the upcoming negotiations regarding the debt ceiling. The IBEX35 was the top performer, advancing 1.69% and followed by the CAC40 and the DAX, up 1.28% and 1.10%, respectively. After climbing to the vicinity of the key 1.3600 handle, the shared currency initiated a correction lower, surrendering earlier gains and returning to the 1.3525/20 area.
In the commodities’ sphere, the barrel of WTI is retreating 0.95% at $101.31 while the ounce troy of the precious metals is following the same path, down almost 3% at $1,287.
Bourses in Euroland posted strong gains with the exception of the British benchmark, losing 0.03% for the day. Investors left behind the partial shutdown and shifted their focus on the upcoming negotiations regarding the debt ceiling. The IBEX35 was the top performer, advancing 1.69% and followed by the CAC40 and the DAX, up 1.28% and 1.10%, respectively. After climbing to the vicinity of the key 1.3600 handle, the shared currency initiated a correction lower, surrendering earlier gains and returning to the 1.3525/20 area.
In the commodities’ sphere, the barrel of WTI is retreating 0.95% at $101.31 while the ounce troy of the precious metals is following the same path, down almost 3% at $1,287.