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US stocks mixed, USD pulls back

FXStreet (Córdoba) - Equities in the US recovered ground after a negative opening but are mixed. European markets finished higher, despite weak economic data from China and Europe.

Among country indexes, the FTSE 100 rose 0.33% while the Dax climbed 0.94%. The best was Italy's FTSE MIB that soared 2.07%. In Wall Street, the Dow Jones was rising 0.41%, the S&P 500 was up 0.28% while the Nasdaq was flat.

Among economic data in the US, the leading economic index rose 0.9% in July, sales of existing homes surpass expectations, rising 2.4% in July, the Philadelphia Fed index rose from 23.9 to 28, reaching the highest level since March 2011, the flash reading of the Markit PMI manufacturing index rose sharply from 55.8 to 58 while jobless claims fell back below 300,000.

In the currency market the US dollar was pulling back from multi-month highs against european currencies and it was also retreating versus commodity currencies. Gold was tumbling trading near $1,270 while crude oil was recovering modestly, rising 0.90% with the barrel around $94.30.

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