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American equity markets surge Tuesday

The US Stock market experienced a definitely positive opening as Tuesday with the sequester in the rear-view mirror and key US employment statistics and manufacturing in sight.

Beginning with the indices and composites, the NASDAQ jumped +0.86% as it settles in region of 3202.91, up +27.38 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1535.95, ascending +10.71 points or +0.69% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 14219.69, presently +0.64% after a movement of +91.92 points.

Sectors are nearly all in the green currently, however the Basic Materials and Capital Goods sectors have distinguished themselves as main winners thus far, surging +1.53% and +1.21% respectively. In other news, the price of crude has settled below USD $90.46/bbl Tuesday.

Session Recap: Euro recovers but lacks momentum

The European session was mostly driven by the release of European PMI's providing currencies some support. EUR/USD rose toward 1.3180 and Cable to 1.5200 but crosses lacked follow-through. Other major crosses remain well within their recent ranges as investors hold a cautious mood ahead of the ECB and BoE decisions and the so-awaited NFP report. Stocks are broadly higher in Europe, while US equities opening in record territory ahead of the ISM services data.
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Forex Flash: Back and forward trading could continue ahead of key events - Wells Fargo

With today's economic news benign, most foreign currencies are firmer against the US dollar, comments the Wells Fargo analyst team. "Financial markets are also in an optimistic mood overall, with most global equity markets higher and peripheral Eurozone bond markets stronger", they say. "The euro is up on firmer than expected data and with some indications surrounding the European Union finance ministers meeting that more flexibility surrounding Europe's austerity plans may be possible".
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