Further Gains Helped by German and US Officials
xcchanelljComments from central bank officials continued to uphold market confidence, sending stock markets higher in spite of weakness in the economic dataflow. Wall Street climbed higher with the DJIA and the S&P 500 gaining +0.39% and +0.51% respectively. The commodity sector was rather mixed. While crude oil prices rose with the front-month WTI and Brent crude contracts soaring by +1.595 and +2.24% respectively, gold faltered after rising over the past 2 days. Speculations that the ECB would announce asset purchases in September and comments from Fed's Rosengren sustained the bullish sentiment in the near term.
