OctaFX | OctaFX Forex Broker
Open trading account
Back

European markets up on EMU confidence and Italy bond auction

The German DAX 30 (+0.09%), the French CAC 40 (+0.58%), the Italian FTSE MIB (0.0%) and the Spanish IBEX 35 (+0.66%) are edging higher on Wednesday as confidence in the Eurozone improves and the Italian 10-year bond auction found better than expected yields, although higher from 4.17% to 4.83%. The 5-year sale also found yield moving up from 2.94% to 3.59%.

The British FTSE 100 rose +0.26%. BoE's Bean said that he is sensible to review UK inflation target. Earlier, annualized UK 2012 Q4 GDP growth was revised higher from 0.0% to +0.3% but the quarterly figure came in at -0.3% as forecasted. Total Business Investment contracted -1.2% (QoQ), easing from 5.4% to 0.4% (YoY).

Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher opening by around +0.10% ahead of US Durable Goods, Fed's Bernanke speech and Pending Home Sales.

Forex: USD/CAD trading positively at 1.0263/68

The USD/CAD has been confined to a rather narrow trading region (1.0250 daily minimum, 1.0274 daily maximum) ahead of the US session, which looks to be capable of driving the pair in either direction. In recent moments the cross has edged higher into positive territory, operating at 1.0263/68 at the time of writing, up a modest +0.05%.
Read more Previous

Forex Flash: EUR/USD sell-off would lose impetus – Danske Bank

The bloc currency has regained the 1.3100 mark on Wednesday, after positive data from the US on Tuesday and a strong defence of the ongoing QE programme by Chief Bernanke prompted investors to...
Read more Next
Start livechat