FXstreet.com (Barcelona) - Stocks in the US are inching higher on Wednesday, propped up by better-than-expected earnings reports from Google Inc. (GOOG) and IBM Corp. (IBM). In addition, market participants remain cautious ahead of the vote on the debt ceiling. The greenback, gauged by the US Dollar Index, is now back to the boundaries of the psychological level at 80.00, after hitting fresh high above 80.20
At the moment, the DowJones is advancing 0.50%, seconded by the S&P500 and the Nasdaq,, up 0.08% and 0.35% respectively.

Markets in Euroland closed in a mixed tone on Wednesday, with the British benchmark leading the gains, climbing 0.30% and followed by the DAX, 0.15%. On the opposite side, the CAC40 retreated 0.40% and the IBEX35 0.22%. The single currency has managed to climb back above 1.3300 after bottoming in the proximities of 1.3260, as markets are focused on tomorrow’s PMI prints in the euro area.

Commodities are trading in red, with the barrel of WTI losing 0.44% at $96.25 and the ounce troy of gold following suit, down 0.38% at $1686