Global stocks finished higher Wednesday evening, helped by the ECB indicating that they will assist with liquidity to stem the spread of the regions debt crisis.
The Dow Index (see above chart) rallied 89 points to close the session at 12,805 while the S&P 500 gained 10.12 points to end at 1,368.71, earlier in the session European shares closed higher with the German Dax finishing the session up 0.51 percent after a European Central Bank official signalled they may be prepared to add more liquidity to the European financial system if needed.
The US Beige book summary showed that the economy expanded at a modest to moderate pace in recent weeks.
The AUDUSD dropped to 1.0227 which is its lowest point since the middle of January yesterday before bouncing to 1.0335. Today traders will be looking at unemployment figures.
WTI oil prices rose on Wednesday after the US government released data that showed domestic fuel stocks fell much more than expected last week.
INDICES
Last Traded
SPI 200 future 4260
S&P500 Index 1368
Dow Jones 12805
FTSE 100 Index 5634
COMMODITIES
Last Traded
Gold 1658
Oil (Nymex) 102.55
CURRENCIES
Last Traded
AUDUSD 1.0306
EURUSD 1.3110
GBPUSD 1.5908
USDJPY 80.85
Source
Bloomberg, Dow Jones News
http://www.vantagefx.com/market-news/market-wrap/