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US markets inching higher, S&P eyes record high

US equities are trading in an upbeat tone on Monday, lifting the S&P500 closer to a record high as investors left behind the poor data from the Chinese economy. The US dollar is markedly lower against its major rivals, as risk-on trade is dominating the markets.
The DowJones is up 0.29%, followed by the S&P500 and the Nasdaq, gaining 0.26% and 0.02%, respectively.

Markets in Europe closed in the red territory with the exception of the British benchmark, up 0.31% for the day. The recent downgrade by agency Fitch of the Italian credit rating plus the weak data from the Chinese economy has combined to drag the bourses lower. The IBEX35 was the worst performer, losing 0.85% followed by the CAC40, 0.10% and the DAX, 0.03%.
The single currency managed to pick up pace after the European close, currently testing intraday highs in the proximities of 1.3040

Commodities are trading in the green, with the barrel of WTI gaining 0.15% at $92.08 and the ounce troy of gold advancing 0.21% at $1580

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