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US markets in 5-year highs, dollar flat

US equities are inching higher on Tuesday, pushing the S&P500 to 5-year highs and the Dow above 14,000 pts, as M&A chatter involving OfficeMax (OMX) and Office Depot (ODP) are bolstering the momentum. The US dollar has retraced initial gains to trade back into the negative ground, although posting meagre gains so far.
DowJones is up 0.31%, followed by the S&P500 and the Nasdaq, gaining 0.505 and 0.28%, respectively.

Markets in Europe closed in a ‘sea of green’ after the German ZEW Survey bettered expectations in February. The CAC40 led the gains, advancing 1.88%, seconded by the DAX, 1.62% and the IBEX35, 1.44%. The single currency is consolidating below the key resistance at 1.3400 after a couple of failed attempts to follow through it, currently hovering over 1.3390

In the commodities space, both the WTI and the ounce troy of gold are trading on the back foot, losing 1.39% at $96.07 and 1.94% at $1603, respectively.

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