US Markets up on fiscal cliff' talks, dollar retreats
FXstreet.com (Barcelona) - The US markets are trading almost unchanged from last Friday's close, leaving behind the effervescence out of the political arena in Italy, and focusing instead in the 'fiscal cliff' talks, with less than 30 days for the deadline.
The greenback, measured by the US Dollar Index, is grinding lower on Monday as risk appetite has prevailed among investors, although it keeps trading above the psychological mark at 80.00
At the moment, DowJones is advancing 0.13%, followed by the S&P500 0.05% an the Nasdaq 0.27%.
Across the Atlantic, markets closed in the positive territory after positive Chinese data over the weekend have acted as a support for the upbeat tone among traders. Spain was again the exception losing 0.56%, as the news from the political scenario in Italy has weighted on the index.
The single currency is hovering over 1.2940 as of writing, climbing from lows in the area of 1.2890 after digesting the news involving the Italian PM Mario Monti.
The French benchmark led the gains with 0.18%, followed by the DAX and the FTSE100, advancing 0.17% and 0.12%, respectively.
Gold is advancing for the second consecutive session, posting gains above the psychological level at $1,700, or +0.44%. The price of the barrel of WTI continues to grind lower, trimming initial profits on better prospects for the oil demand out of the recent Chinese data. The barrel is now losing 0.35% at $85.63.
The greenback, measured by the US Dollar Index, is grinding lower on Monday as risk appetite has prevailed among investors, although it keeps trading above the psychological mark at 80.00
At the moment, DowJones is advancing 0.13%, followed by the S&P500 0.05% an the Nasdaq 0.27%.
Across the Atlantic, markets closed in the positive territory after positive Chinese data over the weekend have acted as a support for the upbeat tone among traders. Spain was again the exception losing 0.56%, as the news from the political scenario in Italy has weighted on the index.
The single currency is hovering over 1.2940 as of writing, climbing from lows in the area of 1.2890 after digesting the news involving the Italian PM Mario Monti.
The French benchmark led the gains with 0.18%, followed by the DAX and the FTSE100, advancing 0.17% and 0.12%, respectively.
Gold is advancing for the second consecutive session, posting gains above the psychological level at $1,700, or +0.44%. The price of the barrel of WTI continues to grind lower, trimming initial profits on better prospects for the oil demand out of the recent Chinese data. The barrel is now losing 0.35% at $85.63.
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