Back
13 Feb 2014
Dow flirts with 16K, Europe mixed
FXStreet (Edinburgh) - The debt-ceiling news plus positive earnings reports eclipsed the poor data from January’s retail sales in the US economy, allowing markets to revert initial losses.
The Dow is hovering over the key 16K mark, up 0.28% and followed by the S&P500 and the Nasdaq, advancing 0.43% and 0.65%, respectively. The greenback, tracked by the DXY, is sharply lower on Thursday, trading in fresh multi-day lows sub-80.40.
Bourses in the Old Continent closed in a mixed tone following the miserable data from the US retail sales, reverting a 6-day winning streak. The FTSE100 retreated 0.23% while the IBEX35, DAX and CAC40 gained 0.18%, 0.69% and 0.17%, respectively. The single currency fully retraced Wednesday’s pronounced drop, pushing the EUR/USD to the area of 1.3680 although easing some ground later.
The precious metal extends its upside momentum, up 0.35% around the $1,300 handle. The barrel of WTI keep the $100.00 mark, up 0.10% so far.
The Dow is hovering over the key 16K mark, up 0.28% and followed by the S&P500 and the Nasdaq, advancing 0.43% and 0.65%, respectively. The greenback, tracked by the DXY, is sharply lower on Thursday, trading in fresh multi-day lows sub-80.40.
Bourses in the Old Continent closed in a mixed tone following the miserable data from the US retail sales, reverting a 6-day winning streak. The FTSE100 retreated 0.23% while the IBEX35, DAX and CAC40 gained 0.18%, 0.69% and 0.17%, respectively. The single currency fully retraced Wednesday’s pronounced drop, pushing the EUR/USD to the area of 1.3680 although easing some ground later.
The precious metal extends its upside momentum, up 0.35% around the $1,300 handle. The barrel of WTI keep the $100.00 mark, up 0.10% so far.