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31 Mar 2014
Markets rally on Yellen’s comments
FXStreet (Edinburgh) - Equities in the US markets are posting strong gains following the speech by Chairwoman Janet Yellen on Monday.
DowJones is up 0.90%, followed by the S&P500, 0.83% and the Nasdaq, 1.21%. Yellen’s speech was interpreted as dovish by markets, reigniting the optimism amongst traders. The greenback, in terms of the DXY, is retracing last week’s upside, although managing well to keep the 80.00 handle.
Markets in the Old Continent closed mostly in red with the exception of the Spanish benchmark, up 0.11% for the day. Lower than expected consumer prices in the euro area kept buyers at bay, dragging the DAX, CAC40 and FTSE100 to the red territory, losing 0.45%, 0.33% and 0.26%, respectively. The single currency is closing the session with gains around 1.3780, down from intraday peaks beyond 1.3800 the figure.
In the commodities’ space, both the barrel of WTI and the ounce troy of gold are retreating 0.13% around $101.50 and 0.75% near $1,285, respectively.
DowJones is up 0.90%, followed by the S&P500, 0.83% and the Nasdaq, 1.21%. Yellen’s speech was interpreted as dovish by markets, reigniting the optimism amongst traders. The greenback, in terms of the DXY, is retracing last week’s upside, although managing well to keep the 80.00 handle.
Markets in the Old Continent closed mostly in red with the exception of the Spanish benchmark, up 0.11% for the day. Lower than expected consumer prices in the euro area kept buyers at bay, dragging the DAX, CAC40 and FTSE100 to the red territory, losing 0.45%, 0.33% and 0.26%, respectively. The single currency is closing the session with gains around 1.3780, down from intraday peaks beyond 1.3800 the figure.
In the commodities’ space, both the barrel of WTI and the ounce troy of gold are retreating 0.13% around $101.50 and 0.75% near $1,285, respectively.