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22 Mar 2013
Hopes on Cyprus are pushing the US markets
FXstreet.com (Barcelona) - Equities in the US markets area receovring ground after yesterday drop, pushed higher on hopes of an agreement in Cyprus. The paliamentary debate is going on now, and is expected to last a few hours. Last unconfirmed rumours were talking about a higher levy on deposits above €100K, around 15%, among other issues. The greenback, measured by the US Dollar Index, is losing ground around the mid 82.00s, extending the weekly decline.
DowJones is up 0.57%, ahead of the Nasdaq and the S&P500, advancing 0.64% and 0.62%, respectively.
Bourses in Euroland closed in red with the exception of the British benchmar, up just 0.07% for the day as Cyprus continued to punish sentiment. The German IFO indicator also disappointed, giving markets another excuse to fall. The IBEX35 lost 0.26%, followed by the DAX, 0.27% and the CAC40, 0.12%. The single currency surprised investors cliimbing to weekly highs above the key 1.3000 handle on hopes of a deal in Nicosia, rapidly leaving behind poor data from PMI and IFO.
In the commodities space, the barrel of WTI is up 1.37% at $93.72 while the ounce troy of gold loses 0.45% at $1,606
DowJones is up 0.57%, ahead of the Nasdaq and the S&P500, advancing 0.64% and 0.62%, respectively.
Bourses in Euroland closed in red with the exception of the British benchmar, up just 0.07% for the day as Cyprus continued to punish sentiment. The German IFO indicator also disappointed, giving markets another excuse to fall. The IBEX35 lost 0.26%, followed by the DAX, 0.27% and the CAC40, 0.12%. The single currency surprised investors cliimbing to weekly highs above the key 1.3000 handle on hopes of a deal in Nicosia, rapidly leaving behind poor data from PMI and IFO.
In the commodities space, the barrel of WTI is up 1.37% at $93.72 while the ounce troy of gold loses 0.45% at $1,606