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American equity markets rally Tuesday after US imports drop

FXstreet.com (Barcelona) - The US stock market managed to open higher, despite yesterday’s downtrodden performance across equities. In the United States Tuesday, The Import Price Index (YoY and MoM) fell -2.6% in April (compared with a figure of -2.7% previously) and -0.5% in April (matching expectations of -0.5%) respectively. Conversely, the Export Price Index (MoM) contracted -0.7% in April, vs. a projection calling for -0.2%.

Beginning with the indices and composites, the NASDAQ rose +0.30% as it settles in region of 3448.82, up +10.16 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1639.62, ascending +5.72 points or +0.34% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 15100.34, presently +0.06% after a movement of +8.68 points.

Sectors are nearly all positive at the opening, however the Healthcare and Transportation sectors have distinguished themselves as the winners thus far, climbing +0.57% and +0.57% respectively. In other news, the price of crude is testing USD $94.91/bbl Tuesday.

Commodities Brief – Precious metals bounce off intraday lows, crude testing 95.00

The price of gold retreaded again after testing 1446.00 this morning during the overnight session, however a break below yesterday’s low at 1418.00 may trigger further sell-off. Despite the propensity of a risk-off movement engulfing the markets presently, the price of gold has dipped back down to settle at USD $1428.65 per oz., after bottoming out at the 1423 level (intraday low).
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ECB calls for activating banking union in 2014

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