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16 Apr 2013
US markets recover ground on better earnings, gold rises
FXstreet.com (Barcelona) - Equities are sharply rebounding from Monday losses after upbeat earnings reports from Coca-Cola Co. (KO) and Goldman Sachs Group Inc (GS) lifted the sentiment amongst traders, leaving behind the Boston blasts. The precious metal is recovering part of yesterday strong losses, adding to the upside. The US Dollar Index is markedly lower against its rivals, printing fresh session lows below the key support at 82.00.
DowJones is advancing 0.99%, followed by the S&P500, 1.27% and the Nasdaq, 1.36%.
Bourses in Europe retreated for the third consecutive session on Tuesday, after poor data from the ZEW Survey in Germany stirred jitters on economic growth despite the good results from the Spanish auctions. The IBEX35 was the worst performer, losing 0.82% and seconded by the CAC40 and the FTSE100, down 0.67% and 0.62%, respectively.
The single currency curiously gathered pace after the disappointing results from the German ZEW Survey, posting multi-week highs in the area of 1.3185/90.
In the commodities space, the barrel of WTI is extending losses, down 0.17% at $88.56, while the ounce troy of gold is recovering from the recent sell-off, advancing 2.11% at $1,389.
DowJones is advancing 0.99%, followed by the S&P500, 1.27% and the Nasdaq, 1.36%.
Bourses in Europe retreated for the third consecutive session on Tuesday, after poor data from the ZEW Survey in Germany stirred jitters on economic growth despite the good results from the Spanish auctions. The IBEX35 was the worst performer, losing 0.82% and seconded by the CAC40 and the FTSE100, down 0.67% and 0.62%, respectively.
The single currency curiously gathered pace after the disappointing results from the German ZEW Survey, posting multi-week highs in the area of 1.3185/90.
In the commodities space, the barrel of WTI is extending losses, down 0.17% at $88.56, while the ounce troy of gold is recovering from the recent sell-off, advancing 2.11% at $1,389.