Dow hit 16,000 amidst rising optimism

FXstreet.com (Edinburgh) - Upbeat sentiment continues to lift markets higher, with the Dow piercing the 16,000 mark and the S&P500 hovering over the 1,800 milestone. A continuation of the easing bias surrounding the Fed plus encouraging reforms in China is boosting the markets. The world’s reserve, tracked by the US Dollar index, reverted the initial negative start, returning to the area of 80.75/80. At the moment, DowJones is up 0.30% followed by the S&P500, up 0.06%, while the Nasdaq is down 0.13%.

Bourses in the Old Continent closed in a ‘sea of green’ after the EMU’s trade surplus exceeded both forecasts and the previous reading during September, shrugging off the negative effects of a high euro. The IBEX35 advanced 0.90%, ahead of the CAC40 and the DAX, up 0.66% and 0.62%, respectively. The bull run of the EUR/USD lost momentum around 1.3540/45, sparking a correction lower to the current area around 1.3500 the figure.

In the commodities’ land, both the barrel of WTI and the ounce troy of gold are giving ground, 0.96% around $93 and 1.10% at $1,273, respectively.