20 години печелим заедно
Growth of the US dollar after better data
Tuesday passed with a twist in the financial markets with the US dollar, stocks and government securities. Stronger than expected US data took the focus of the markets.
EUR/USD continued to trade in a narrow range around 1.0650. Limited movement was dictated by ECB President Mario Draghi, who did not mention anything about the economy and monetary policy in the euro area in his speech yesterday. Stronger than expected retail sales helped the single currency to prevent greater losses as the dollar rose.
The British pound again recorded a decline after the slow growth of the construction sector. GBP/USD closed the session at 1.2438.
With the worst performance in the last session were the Australian and New Zealand dollar, although losses were outlined during the European trading session. During the US session the two currencies have stabilized, pausing greater losses for the day. The Australian dollar is selling off sharply after the announcement of monetary policy by the Reserve Bank in the country. As expected, the bank left interest rates unchanged and remained optimistic about global trade, credit and industrial production.
Successful day for exchanges in Europe and the US
European stock markets closed with small increases on Tuesday as a major factor for this are mining and oil companies which prevailed over the concerns of the meeting, which will take place later this week between Donald Trump and General Secretary of the Communist Party of China and president - Xi Jinping.
The European Stoxx Europe 600 ended with a rise of 0.20% to the level of 380.03 after volatile movements in both directions. Thus, the index erased part of its 0.5% loss on Monday.
In Germany, the German DAX 300 added 0.21% and so completed at 12 282, while the French CAC 40 rose 0.30% to 5 101. Good news for Allianz after US investment bank - Goldman Sachs changed its rating on the stock to ‘buy’ signaling growth potential.
FTSE 100 ended in green zone with a rise of 0.54%, and thus stopped three daily series of losses. Mainly its growth was due to weak British currency, and thanks to companies engaged in the acquisition and exploration of precious-metals such as gold and silver. Their stocks rose amid appreciation of precious metals.
Major US indexes also light increases as the broad S&P 500 added 0.06%, ending the session at 2360.16 points, Dow Jones Industrial Average 0.19% reaching 20.689, and Nasdaq 0.07% to 5 898.61.