{"id":102396,"date":"2017-02-21T06:19:49","date_gmt":"2017-02-21T11:19:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=102396"},"modified":"2018-06-05T22:48:04","modified_gmt":"2018-06-05T22:48:04","slug":"us-markets-to-open-after-presidents-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/02\/us-markets-to-open-after-presidents-day\/","title":{"rendered":"US markets to open after President\u2019s Day"},"content":{"rendered":"
February 21, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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US retailers due to report quarterly results<\/h2>\n<\/div>\n<\/div>\n

US stock markets <\/b>were closed for the Presidents Day holiday on Monday. Trading will resume today after all three major stock indexes closed at record highs on Friday. The dollar weakened on Monday: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, closed 0.04% lower at 100.892. The Dow closed up 0.2% to 20624.05 on Firday, while the S&P 500 index rose 0.2% settling at 2351.16. The Nasdaq <\/a>index closed at record high of 5838.58, gaining 0.4%.<\/p>\n

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Today retailers will be in focus: Wal-Mart, Home Depot and Macy\u2019s are scheduled to report ahead of the open. At 14:50 CET Federal Reserve Bank of Minneapolis President Neel Kashkari will speak on economic outlook in Golden Valley, Minnesota. At 15:45 CET preliminary Services and Manufacturing PMIs for February will be released by Markit, the outlook is positive for dollar. And at 18:00 CET Federal Reserve Bank of Philadelphia President Patrick Harker will speak about US economic outlook in Philadelphia, Texas.<\/p>\n<\/div>\n<\/div>\n

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RBS and Rolls-Royce shares lead European equities higher<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b>closed marginally higher amid progress in euro-zone finance ministers Greece\u2019s bailout meeting on Monday. Both the euro and British Pound edged higher against the dollar in thin trading as US markets were closed for President\u2019s Day holiday. The Stoxx Europe 600 added 0.2%. Germany\u2019s DAX 30 <\/a>rose 0.6% to 11827.62. France\u2019s CAC 40 underperformed closing down less than 0.1% and UK\u2019s FTSE 100 was little changed at 7299.86.<\/p>\n

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Investor optimism about resolution in deadlocked Greece bailout talks was buoyed as the EU Commissioner for Economic and Financial Affairs Pierre Moscovici commented Monday after the meeting of euro-zone ministers that both sides are committed to reaching a deal. Shares of Royal Bank of Scotland and Rolls-Royce led the stocks higher. Royal Bank of Scotland shares jumped 6.8% on news the bank might not sell its Williams & Glyn business it had agreed to sell during the financial crisis. Rolls-Royce shares rallied 6.3% following Goldman Sachs\u2019 rating upgrade to buy. Today at 10:00 CET February euro-zone preliminary Manufacturing and Services PMIs will be released. The outlook is neutral for euro. At 11:00 CET Bank of England governor Mark Carney will speak in UK Parliament.<\/p>\n<\/div>\n<\/div>\n

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Asian markets rise<\/h2>\n<\/div>\n<\/div>\n

Asian stocks<\/b> are mostly up today ahead of the open of European and US markets. Nikkei ended 0.7% higher at 19381.44 as yen extended losses against the dollar. Gains were led by paper sector on news Nippon Paper Industries will raise the prices of printing paper for the first time since February 2015. Chinese stocks are rising on report pension funds will begin stock purchases: the Shanghai Composite Index is 0.4% higher while Hong Kong\u2019s Hang Seng Index is 0.6% lower. Australia\u2019s All Ordinaries Index is down 0.07% with the Australian dollar edging lower against the dollar.<\/p>\n

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Oil prices advance continues<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices <\/b>are edging higher today as speculators raised their net long bets on oil, according to data from the Intercontinental Exchange released on Monday. Prices closed higher on Monday, with April Brent crude closing up 0.7% at $56.18 a barrel on London\u2019s ICE Futures exchange. Oil pricing agency S&P Global Platts is making the first major overhaul of its Brent oil price assessment in a decade. Platts said on Monday it would add Norway’s Troll grade to the basket of four British and Norwegian crude grades which it already uses to assess dated Brent from Jan 1. 2018.<\/p>\n

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets US retailers due to report quarterly results US stock markets were closed for the Presidents Day holiday on Monday. Trading will resume today after all three major stock indexes closed at record highs on Friday. The dollar weakened on Monday: the live dollar index data show the ICE US Dollar index, a measure […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-102396","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=102396"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102396\/revisions"}],"predecessor-version":[{"id":127859,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102396\/revisions\/127859"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=102396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=102396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=102396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}