The ‘Yellen-effect’ keeps boosting stocks

By FXstreet.com | November 15, 2013 AAA
FXstreet.com (Edinburgh) - US markets continue to push higher at the end of the week, lifting the indices to record levels as the recent testimony by Janet Yellen keeps bolstering the sentiment. The greenback, in terms of the US Dollar index, is closing the week in red figures, finally surrendering the 81.00 handle. At the moment, DowJones is up 0.34%, followed by the S&P500, 0.18% and the Nasdaq, 0.15%.

Bourses in Euroland closed mostly with gains following Yellen’s pro-stimulus tone, with only the IBEX35 retreating 0.13%. The FTSE100 was the best performer, up 0.41% and seconded by the DAX and the CAC40, advancing 0.21% and 0.19%, respectively. The EUR/USD is closing the week around 1.3480/85, correcting lower from today’s peaks near 1.3500 the figure.

In the commodities’ space, the ounce troy of gold is alternating gains with losses near $1,290 while the barrel of WTI is up 0.15% at $93.90.
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