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US markets in a ‘sea of green’ on Bernanke, US data
Shares in the US markets are inching higher on Tuesday, boosted
by Bernanke's testimony before US Congress and
stronger-than-expected data from the US Consumer Confidence and New
Home Sales. The greenback, measured by the US Dollar Index, is
trading in the upper end of today's range so far, hovering over the
proximities of the key resistance at 82.00
At the moment, DowJones is up 0.77% followed by the S&P500 and the Nasdaq, advancing 0.43% and 0.19%, respectively.
In sharp contrast, markets in Euroland close in red, posting serious losses in the aftermath of the Italian parliamentary elections. The IBEX35 had the worst performance on the day, falling 3.20%, seconded by the CAC40, 2.67% and the DAX, 2.27%. The sentiment surrounding the single currency remains depressed around 1.3050, retracing ground from session highs above 1.3120, as the cocktail of the Italian elections' results, Bernanke's testimony and better-than-expected US data seems to be far too much for the euro.
In the commodities space, the ounce troy of gold is rallying beyond the key level at $1600, advancing 1.87%; while the barrel of WTI is down 0.73% at $92.42