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Wall Street rallies on US housing data and Italian 'finished' job

FXstreet.com (San Francisco) - The US stocks market closed higher on Monday as investors' confidence were fueled by well above expectations UH pending home sales and as Italy’s PM Letta formed his cabinet as Italian government two months after the elections. The S&P 500 closed at record high and the Nasdaq finished at its highest level since November 2000.

The Dow Jones advanced 106.20 points or 0.72% to end the day at 14,818.75. The S&P 500 added 11.37 points or 0.72% to 1,593.61. And the Nasdaq Composite rallied 27.76 points or 0.85% to finish the day at 3,307.02.

Session Recap: Greenback trades lower on Green Monday

Market performed a green Monday on Monday as news from Europe and well above expectations US Housing economic data fueled investors confidence. However, Income data in the United States came below expectations but spending posted above consensus. Equities posted strong gains.
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Forex: EUR/USD closes at 1.3100, just ahead the 1.3115 key price

The Euro opened the week with a good note against the Greenback as the EUR/USD rose to trade at 1.3115 on the Monday's session. Currently the pair is trading at 1.3100, focusing on ECB's Thursday monetary policy meeting and extending recovery from April 24th low at 1.2955.
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