S&P500 in record highs, Europe advanced

FXStreet (Edinburgh) - Upbeat sentiment amongst traders are pushing the S&P500 to a fresh record close on Monday, currently up more than 1%; DowJones is posting a triple-digit advance or 1.1% while the Nasdaq is gaining 1.04%. The greenback, in terms of the DXY, is trimming part of last week’s gains hovering over the area of 80.20.

Bourses in Euroland closed in a ‘sea of green, with the broader Stoxx 600 in multi-year highs following the upbeat mood from the US markets. The Spanish benchmark was the best performer, up 1.21% and followed by the CAC40 and the DAX, UP 0.87% and 0.54%, respectively. The single currency is trading almost unchanged from Friday’s close despite the German IFO series surprised to the upside, bouncing off the proximity of the key support at 1.3700 and regain the current area of 1.3740/50.

In the commodities’ space, the ounce troy of gold is extending its bullish momentum, up more than 1% near $1,340. The barrel of WTI is hovering the $103.00 handle, or gaining 0.75%.