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4 Oct 2013
Markets recover ground despite the shutdown
FXstreet.com (Edinburgh) -Equities in the US markets are paring recent losses, although the duration of the US Government shutdown and the proximity of the debt ceiling deadline continue to weigh on sentiment. The greenback, gauged by the US Dollar index, is following suit, bouncing off session lows to re-test the key resistance at 80.00. As of writing, DowJones is up 0.42% followed by the S&P500 0.59% and the Nasdaq, 0.84%.
Hopes of a positive outcome from the US shutdown lifted the main indices in Euroland on Friday, with the IBEX35 advancing 1.35% ahead of the CAC40, 0.88% and the DAX, 0.29%. Negative session for the shared currency, dragging the EUR/USD from recent peaks near 1.3650 to the current weekly lows around 1.3550.
In the commodities’ space, the barrel of WTI is gaining 0.18% while ounce troy of the precious metal is retreating 0.75% at $1,307.
Hopes of a positive outcome from the US shutdown lifted the main indices in Euroland on Friday, with the IBEX35 advancing 1.35% ahead of the CAC40, 0.88% and the DAX, 0.29%. Negative session for the shared currency, dragging the EUR/USD from recent peaks near 1.3650 to the current weekly lows around 1.3550.
In the commodities’ space, the barrel of WTI is gaining 0.18% while ounce troy of the precious metal is retreating 0.75% at $1,307.