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13 Aug 2013
US retail sales boosting markets, dollar on the rise
FXstreet.com (Edinburgh) -Bourses in the US are posting decent gains on Tuesday, propped up by the positive results from the retail sales during July, expanding at a monthly rate of 0.2% and 0.5% stripping the automobile sector. The world’s reserve, tracked by the US Dollar Index, is extending its advance for the third consecutive session, hovering over 81.80/85. At the moment, DowJones is up 0.37%, seconded by the S&P500 and the Nasdaq, gaining 0.31% and 0.30%, respectively.
Across the Atlantic, upbeat data from the German ZEW Survey and the UK housing sector lifted the main indices, driving the broader Stoxx600 to its fourth gain in a row. The DAX outperformed its peers today, advancing 0.68% and followed by the FTSE100, 0.57% and the CAC40, 0.51%. Negative day for the single currency despite the better-than-expected German data, falling to multi-day lows near 1.3230, although gathering steam to the current 1.3250/55 area afterwards.
In the commodities’ space, the barrel of WTI is gaining 0.74% at $106.90 while the ounce troy of the precious metal is giving ground 0.90% at $1,322.
Across the Atlantic, upbeat data from the German ZEW Survey and the UK housing sector lifted the main indices, driving the broader Stoxx600 to its fourth gain in a row. The DAX outperformed its peers today, advancing 0.68% and followed by the FTSE100, 0.57% and the CAC40, 0.51%. Negative day for the single currency despite the better-than-expected German data, falling to multi-day lows near 1.3230, although gathering steam to the current 1.3250/55 area afterwards.
In the commodities’ space, the barrel of WTI is gaining 0.74% at $106.90 while the ounce troy of the precious metal is giving ground 0.90% at $1,322.