The major US equity indices shrugged off the earlier losses expereinced this week, DJIA, S&P and the Nasdaq all moved higher driven by stocks of the like of Amazon and Apple that enjoyed analysts’ mention and optimism.
The positive investor sentiment continued in Asia as indices looked north as well.
The USD looks subdued this morning, although losses so far were only marginal. The USD enjoyed a significant jump higher on Thursday as the currency capitalized on turmoil surrounding the Italian coalition government.
The US Dollar index (DXY) rose 0.79% to highs of 95.01 after opening at 94.26 on Thursday. Support for the USD was helped by other factors as well as US data reported throughout yesterday’s session showed that Annualised US GDP was at 4-year highs and US Durable Goods Orders were out at 4.5% vs an expected 2% and a previous 1.2% decline.
Watchout for the highlights of today’s economic docket that will be German unemployment change, EZ CPI, CAD GDP and US PCE. Happy weeked!
