Europe's main stock markets ended hiked
sky high on Thursday. Optimism in the market attributed to the key
interest rate decision announcement by the European Central Bank.
U.S. jobs report for June pushed up the markets in the day.
Frankfurt's DAX 30 climbed 1.19 per
cent to close at 10,029.43 points. London's FTSE 100 index of top
companies ended higher 0.72 per cent at 6,865.21 while the CAC 40 in
Paris surged more than 1.0 per cent to 4,489.88 points compared to
Wednesday's closing levels.
In the U.S., futures cue a higher open
on Wall Street. In the last session, stocks ended narrowly mixed
showing little change, though the Dow and the S&P 500 set fresh
record closing up as investors digested a positive reading on private
sector employment.
Crude for August delivery is drowning
$0.34 to $104.14 per barrel, while gold is fell $7.4 to $1323.5 a
troy ounce.
The fundamental picture is optimistic
for the bulls today. A mixed report of a strong payrolls print, lower
unemployment rate, while the futuristic sub-components of the
services ISM tapped at a solid rate.
EUR/USD is varied between Italian and
Spanish bond yields over US treasuries. Although, one can argue the
EUR could slip if the TLTRO funds make their way into the government
bond market.
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