Spreadex Market Update
DAX and FTSE benchmarks posting gains
US and European equity markets have been well-supported so far today, as jobless claims from the US economy came in marginally stronger than forecast. Initial jobless claims fell 26,000 319,000. European equities are following suit too, with the German and London benchmarks posting gains.
The Dow Jones Industrial Average is trading comfortably above 16,500, as investors continue to demand risk. The S&P 500 and NASDAQ 100 are also higher in line with today’s sentiment. Meanwhile, Draghi’s comments earlier saw the euro whipsaw up to over $1.3990 and then back below $1.39. The volatility occurred as the ECB left rates on hold and Draghi spoke of a strengthening economy.
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