Markets revert losses on J.Boehner comments

FXstreet.com (Edinburgh) - Equities in the US markets are reverting a 5-day losing streak after Republicans left the door open for a positive outcome of the debt ceiling debate. According to John Boehner, Republicans will try to pass a bill linking a rise in the debt ceiling with further cuts in Government spending. The greenback is retracing Wednesday’s losses, resuming the weekly upside and testing fresh lows around 80.60, in terms of the US dollar index. As of writing, DowJones is up 0.21%, followed by the S&P500, 0.24% and the Nasdaq, 0.66%.

Bourses in the Old Continent closed mixed as concerns over the Italian political instability plus the debt ceiling debate in the US economy weighted on investors’ sentiment. The IBEX35 advanced 0.32% followed by the FTSE100, 0.21. On the negative side, the CAC40 dropped 0.21% and the DAX, 0.02%. The offered tone prevailed among EUR traders on Thursday, dragging the pair to the area of 1.3470.

In the commodities’ land, the barrel of WTI is paring recent losses, up 0.21% at $102.86 while the ounce troy of gold is losing 0.84% at $1,325.