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5 Jul 2013
Solid Payrolls propping up markets, dollar advances
FXstreet.com (Edinburgh) - US equities are closing the week in better shape after June’s US Non-farm Payrolls surprised investors rising to 195K, beating estimates at 165K and boosting sentiment amongst traders. The greenback, in terms of the US Dollar Index, is consolidating gains well above the 84.00 mark, propelled by yesterday’s adoption of forward guidance by the ECB and the BoE and today’s strong employment data. DowJones is advancing 0.88% followed by the S&P500, 0.86% and the Nasdaq, 0.83%.
Bourses in Euroland closed in a ‘sea of red’ after yesterday’s strong advances, although netting a positive week. Positive employment results in the US economy dragged the main indices lower, while the poor German data took a toll on the domestic stock market. The DAX retreated 2.36%, seconded by the IBEX35, 1.67% and then CAC40, 1.46%.
In the commodities’ space, the ounce troy of gold is free-falling over 3.0% around $1,210 while the barrel of WTI is closely following the geopolitical events in Egypt, extending the recent rally and gaining 1.82% at $103.06.
Bourses in Euroland closed in a ‘sea of red’ after yesterday’s strong advances, although netting a positive week. Positive employment results in the US economy dragged the main indices lower, while the poor German data took a toll on the domestic stock market. The DAX retreated 2.36%, seconded by the IBEX35, 1.67% and then CAC40, 1.46%.
In the commodities’ space, the ounce troy of gold is free-falling over 3.0% around $1,210 while the barrel of WTI is closely following the geopolitical events in Egypt, extending the recent rally and gaining 1.82% at $103.06.