After a positive week last week, the markets have continued to push ahead this week as well. This is mainly based on the fact that earnings reports in this latest round of results have actually been surprisingly good on the whole.

On the US markets the Dow Jones is currently 59 points higher at 8803, whilst the S&P 500 is 6 points higher at 947 and the Nasdaq is 14 points higher at 1900, with less than 2 hours to go until the closing bell.

Earlier in the day the European markets fared pretty well as well. The FTSE 100 advanced 55 points to 4444 whilst both the DAX and the CAC 40 moved 52 points higher to finish the day at 5030 and 3271 respectively.

On the forex markets the British pound and the euro have shown some strength today. The GBP/USD is now firmly above the 1.65 level at 1.6533 whilst the EUR/USD has moved up to 1.4225. The USD/JPY, meanwhile, has fallen back to 94.26 after initially opening slightly higher.

On the commodity markets the price of gold is back above the $950 level at $950.70 whilst the price of crude oil is marginally higher at $63.98.

 

 

Filed under: Market News

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