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27 Feb 2014
S&P on track for new record, dollar retreats
FXStreet (Edinburgh) - The S&P500 is trading beyond the 1,850 level on Thursday, and it needs a close at or above that level to print an all-time record close.
Shares in the US markets extend their upbeat momentum after Chairwoman J.Yellen confirmed the ‘lower for longer’ stance in the Fed’s monetary policy during today’s testimony before the Senate Banking Committee. As of writing, DowJones is up 0.45%, followed by the S&P500 and the Nasdaq, up 0.46% and 0.68%, respectively. The DXY, which tracks the greenback against its major competitors, is retracing yesterday’s gains and floating around 80.30 after posting session highs near 80.60.
Renewed tension around Ukraine plus a lower than expected reading from the German consumer prices spooked investors in the Old Continent, dragging the main indices lower. The FTSE100 was the exception, up 0.16%. Amongst he losers, the DAX retreated 0.76%, followed by the IBEX35, 0.59% and the DAX, 0.01%. The single currency almost reverted Wednesday’s deep pullback, sharply bouncing off the vicinity of 1.3640 to levels beyond 1.3720.
Different realities in the commodities, as the ounce troy of the precious metal is up 0.17% at $1,330 while the barrel of light crude oil is dropping 0.65% just below the $102.00 mark.
Shares in the US markets extend their upbeat momentum after Chairwoman J.Yellen confirmed the ‘lower for longer’ stance in the Fed’s monetary policy during today’s testimony before the Senate Banking Committee. As of writing, DowJones is up 0.45%, followed by the S&P500 and the Nasdaq, up 0.46% and 0.68%, respectively. The DXY, which tracks the greenback against its major competitors, is retracing yesterday’s gains and floating around 80.30 after posting session highs near 80.60.
Renewed tension around Ukraine plus a lower than expected reading from the German consumer prices spooked investors in the Old Continent, dragging the main indices lower. The FTSE100 was the exception, up 0.16%. Amongst he losers, the DAX retreated 0.76%, followed by the IBEX35, 0.59% and the DAX, 0.01%. The single currency almost reverted Wednesday’s deep pullback, sharply bouncing off the vicinity of 1.3640 to levels beyond 1.3720.
Different realities in the commodities, as the ounce troy of the precious metal is up 0.17% at $1,330 while the barrel of light crude oil is dropping 0.65% just below the $102.00 mark.