22 Oct 2013
Payrolls pushing markets higher
FXstreet.com (Edinburgh) -Markets in the US are inching higher on Tuesday, as the downbeat tone from September’s Payrolls pushed back expectations for the Fed to start tapering its stimulus programme into 2014. The greenback, in terms of the US Dollar Index, is trading in multi-month lows around 79.20, as the offered tone intensified post-NFP. At the moment, DowJones is up 0.43% followed by the S&P500, 0.51% and the Nasdaq, 0.16%.
The likeliness of the Fed to start its tapering process later than previously estimated have boosted the main indices in Euroland, with the German DAX advancing 0.90% and closing at record levels just shy of the 9,000 pts. The FTSE100 followed suit, up 0.62% ahead of the CAC40, 0.43%. The softer result from the US employment report catapulted the single currency to fresh 2013 highs around 1.3790 against the greenback, leaving the door open for a test to levels beyond 1.3800, last seen in June 2011.
In the commodities sphere, the barrel of WTI is nose diving 1.61% at $97.62 while the ounce troy of gold is rallying 1.91% at $1,340.
The likeliness of the Fed to start its tapering process later than previously estimated have boosted the main indices in Euroland, with the German DAX advancing 0.90% and closing at record levels just shy of the 9,000 pts. The FTSE100 followed suit, up 0.62% ahead of the CAC40, 0.43%. The softer result from the US employment report catapulted the single currency to fresh 2013 highs around 1.3790 against the greenback, leaving the door open for a test to levels beyond 1.3800, last seen in June 2011.
In the commodities sphere, the barrel of WTI is nose diving 1.61% at $97.62 while the ounce troy of gold is rallying 1.91% at $1,340.