Opening a live account is easy. Simply fill out the online account opening form to start the process.
Markets rally on European speculation $TRV:xnys
Last Updated on Monday, 24 October 2011 09:47
- US markets rallied on Friday’s session, pushing to three month highs as investors speculate that European officials have come to an agreement to stabilise the debt crisis and restore confidence in the continents banks
- Also encouraging markets was comments from Federal Reserve Vice Chairman Janet Yellen who said that a potential third round of quantitative easing might become warranted
- All 10 sectors in the S&P500 advanced with the index rallying for the third straight week. Some of the big gainers was aerospace giant Honeywell and fast food icon McDonalds which rallied 5.8% and 3.7% respectively
- Leading the gains on the Dow were TRV, AXP, DIS, CAT and BA which rallied 5.17%, 4.91%, 3.90, 3.71% and 3.36% respectively
- Dow Jones 2.31% S&P500 1.88% NASDAQ 1.49%
- Markets position themselves for a Euro breakthrough. The EUR an AUD rallied as the USD weakened. The EUR has pulled back in the last hour
- Gold rallied as the USD weakened on Euro optimism, Spot Crude rallied closing 2.5% higher at USD87.40 per barrel
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
- Download your FREE Trading Software - Demo
- Download your Best Online FX Trading Software - Live
| Tweet |
|
Live Account Opening
Demo Account Opening
Download your trading software and start trading your demo account TODAY.