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American equity markets rising Friday

FXstreet.com (Barcelona) - The US Stock market experienced a higher opening Friday as the situation in Cyprus remains unsettled and investors look ahead for some matter of resolution. Beginning with the indices and composites, the NASDAQ rose +0.28% as it settles in region of 3231.10, up +8.98 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1550.05, ascending +4.25 points or +0.28% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14474.02, presently +0.36% after a movement of +52.36 points.

Sectors are all negative currently, however the Transportation and Consumer Cyclical sectors have distinguished themselves as main winners thus far, advancing +0.64% and +0.67% respectively. In other news, the price of crude has settled below USD $92.99/bbl Friday.

Cyprus deposit levy back on the table

The latest news on the Cyprus bailout negotiations suggest that the proposition to tax bank deposits is back on the table. According to Bloomberg the Eurogroup is considering creating a ‘bad’ bank and a ‘good’ bank to which the deposits from the country’s two largest lenders, Laiki and Bank of Cyprus, would be assigned.
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Forex: USD/CHF bouncing off lows, around 0.9440

The benchmark cross for the risk aversion is now picking up pace on Friday after dipping to the proximities of 0.9420/25..
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