Back
18 Feb 2014
Markets up despite poor US data
FXStreet (Edinburgh) - Stocks advance on Tuesday despite the weaker regional manufacturing gauge by the NY Empire State index plus poor housing index tracked by NAHB.
Stocks in the US trading floor are largely ignoring earlier less auspicious data from the US docket, with the Nasdaq and the S&P500 gaining 0.69% and 0.16%, respectively; in the meantime, earnings below expectations from Coca-Cola (KO) are weighing on the Dow, posting marginal losses. The greenback, tracked by the DXY, is giving away yesterday’s advance, trading well into the red territory and challenging the psychological 80.00 barrier.
Bourses in Euroland closed in a mixed tone on Tuesday following the results from the German/EMU ZEW Survey. The FTSE100 advanced 0.90% followed by the DAX, 0.03% while the IBEX35 and the French benchmark retreated 0.75% and 0.10%, respectively. Positive day for the single currency so far, advancing to fresh 1-month high at 1.3770 although currently trading a tad lower in the 1.3755/60 area.
In the commodities’ space, the ounce troy of gold extends the bullish momentum beyond $1,320 or 1.75% while the barrel of WTI is up 1.55% near the $102.00 handle.
Stocks in the US trading floor are largely ignoring earlier less auspicious data from the US docket, with the Nasdaq and the S&P500 gaining 0.69% and 0.16%, respectively; in the meantime, earnings below expectations from Coca-Cola (KO) are weighing on the Dow, posting marginal losses. The greenback, tracked by the DXY, is giving away yesterday’s advance, trading well into the red territory and challenging the psychological 80.00 barrier.
Bourses in Euroland closed in a mixed tone on Tuesday following the results from the German/EMU ZEW Survey. The FTSE100 advanced 0.90% followed by the DAX, 0.03% while the IBEX35 and the French benchmark retreated 0.75% and 0.10%, respectively. Positive day for the single currency so far, advancing to fresh 1-month high at 1.3770 although currently trading a tad lower in the 1.3755/60 area.
In the commodities’ space, the ounce troy of gold extends the bullish momentum beyond $1,320 or 1.75% while the barrel of WTI is up 1.55% near the $102.00 handle.