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American equity markets open positively after long weekend

The US Stock market experienced a green opening Tuesday as American investors return to work following the brief respite that was Presidents Day in the United States. The paramount focus will surely be the looming debt ceiling negotiations and the impending March 1 date, which is scheduled as the point where a sweeping number of tax cuts will trigger.

Beginning with the indices and composites, the NASDAQ rose +0.09% as it settles in region of 3195.00, up +2.94 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1523.21, ascending +3.22 points or +0.21% at the time of writing. Finally, the Dow Jones has moved higher at the opening as well, trading in the zone of 13987.29, presently +0.04% after a movement of +5.53 points.

Sectors are nearly all in the positive at the opening, however the Energy and Utilities sectors have distinguished themselves as main winners thus far, rising +0.48% and +0.82% respectively. In other news, the price of crude has settled above USD $95.86 Tuesday.

Hollande admits France will grow less than expected this year

French president Francois Hollande traveled to Athens on Tuesday where he held a press conference with the Greek PM Antonis Samaras. He admitted that the French economy will grow less than expected in 2013.
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Session Recap: USD mixed. Range trading prevails

Following a long-weekend in the US, FX markets resumed full volume trading but consolidative moves prevail. Sentiment received a boost in the wake of stellar ZEW survey, but wasn´t strong enough to take EUR/USD out of its recent range. While the pound remains sidelined, the yen strengthened versus the euro and the dollar. The Aussie rose after the RBA minutes, but Loonie´s weakness persisted, with USD/CAD reaching a 7-month high.
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