GCC Approved ESM Ratification, Focus Turned to FOMC Meeting


Shutterstock photo

Market sentiment waxed and waned, rising as the German Constitutional Court ( GCC ) approved the ESM and the fiscal pact but then dipping as the focus has shifted to the FOMC meeting. Wall Street ended the day modestly higher with the DJIA and the S&P gaining +0.07% and +0.21% respectively. In the commodity sector, the 2 crude oil benchmarks deviated in performance. While the front-month contract for WTI crude oil initially climbed to a 1-month high of 98.06 but then retreated to 97.01, down -0.16%, at close. The Brent crude contract climbed to a 1-month high of 116.67 before ending that day at 115.96, up +0.49%.

Read More on International Business Times

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

This article appears in: Investing Commodities
Referenced Stocks: GCC

More from International Business Times


International Business Times

International Business Times

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com