US markets posting gains after earnings session kicked in

By FXstreet.com January 09, 2013, 01:26:00 PM EDT

FXstreet.com (Barcelona) - The US shares are trading in the positive ground on Wednesday for the first time after two consecutive sessions closing in red. Markets are following the spark initiated by Alcoa ( AA ), posting revenues above estimates and a better prospect for the present year. The US dollar is also trading in the positive territory, as risk aversion has extended its effects another session.
At the moment DowJones is up 0.37% followed by the S&P500 and the Nasdaq, up 0.19% and 0.34% respectively.

Across the pond, bourses in Euroland closed with gains, led by the IBEX35 with 1.81%, seconded by the British benchmark, 0.74% and the DAX 0.32%. The single currency has extended its bearishness, navigating the mid 1.30s after hitting 1.3140 on Tuesday. It's worth noting that the ECB meeting will be held tomorrow, although market consensus expects the central bank to leave the repo rate intact at 0.75%.

Commodities are suffering the USD strength, as both the barrel of WTI and the ounce troy of gold are trading with losses, 0.32% at 92.84 and 0.61% at 1652, respectively.




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: AA



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