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US markets rallying on results above expectations

FXstreet.com (Barcelona) - US shares are pushing the Dow to fresh highs, as the generalized upbeat sentiment prevails on better-than-expected quarterly results from companies. The greenback, measured by the US Dollar Index, is posting strong gains above the key resistance at 83.00.
As of writing DowJones is advancing 0.87% followed by the S&P500, 1.0% and the Nasdaq, 1.14%.

Bourses in Euroland closed with strong gains on Tuesday following the well-received Spanish bond auction and the lower borrowing costs in Italian and Spanish debt markets. The upbeat sentiment was fuelled by the likeliness of the ECB to cut the refi rate after the batch of poor data in the euro area. The CAC40 was the best performer, gaining 3.58%, seconded by the IBEX35, 3.26% and the DAX, 2.41%.
Bad day for the single currency, after softer manufacturing PMI prints in Germany and the EMU dragged the cross to the boundaries of 1.2980, although picking up pace later to the current area around 1.3000.

The commodities are trading in a mixed tone, with the barrel of WTI gaining 0.91% at $88.81 and the ounce troy of gold down 0.46% at $1,414.

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