Investors Thrilled by Spain's 2013 Budget

Market sentiment was given a boost yesterday by Spain's 2013 Budget, speculations of additional Chinese stimulus as well as better-than-expected US jobless claims. Wall Street rose with the DJIA and the S&P 500 indices gaining +0.54% and +0.96% respectively. In the commodity sector, crude oil rebounded sharply with the front-month WTI crude contract gaining +2.08% while the equivalent Brent crude contract rising for a second consecutive day soaring to a 6-day high of 112.01, up +1.79%. The benchmark gold rallied +1.53% to 1780.5 at close.

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Investors Thrilled by Spain's 2013 Budget