Dow eyes 14,000 on earnings and Europe

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Stocks in the US markets are extending the bull run on Friday, propped up by positive results from Procter & Gamble Co. ( PG ) and the upbeat tone in Europe. The US dollar, measured by the US Dollar Index, is recovering ground lost after dipping to the area around 79.75, as risk appetite dominated the session.
As of writing, the DowJones is up 0.37%, followed by the S&P500 and the Nasdaq, advancing 0.36% and 0.40%, respectively.

Markets in Europe just followed the celebratory mood since the opening bell in London, closing the week with strong gains. The German DAX was today's best performer, up 1.42%, seconded by the CAC40 and the IBEX35, both gaining 0.69% and 0.68%. Big day for the single currency as well, leaving behind the key barrier at 1.3400 to climb to the boundaries of 1.3480, boosted by the positive results out of the IFO series and the LTRO early repayment figures.

In the commodities front, the ounce troy of gold is extending its weekly decline, today losing 0.71% at $1658; while the barrel of WTI is up 0.20% at $96.16



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

Referenced Stocks: PG

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