{"id":110951,"date":"2017-08-15T06:45:48","date_gmt":"2017-08-15T10:45:48","guid":{"rendered":"http:\/\/countingpips.com\/?p=110951"},"modified":"2017-08-15T06:32:47","modified_gmt":"2017-08-15T10:32:47","slug":"global-stock-market-rallies-as-north-korea-anxieties-ebb","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/global-stock-market-rallies-as-north-korea-anxieties-ebb\/","title":{"rendered":"Global stock market rallies as North Korea anxieties ebb"},"content":{"rendered":"
August 15, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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S&P 500, Dow and Nasdaq advance from last week\u2019s losses<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>bounced back on Monday as the tension between the US and North Korea subsided following remarks by top US officials. The dollar regained most of last week\u2019s losses: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, gained 0.4% to 93.44.\u00a0S&P 500\u00a0<\/em>jumped 0.1% settling at 2465.84, led by technology stocks. TheDow Jones\u00a0<\/a>industrial average closed up 0.6% at 21993.71, lifted by 1.8% gain in Visa shares. The\u00a0Nasdaq\u00a0<\/em>composite index rose 1.3% closing at 6340.23.<\/p>\n

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Tensions over North Korea eased after Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson wrote in the Wall Street Journal that President Trump\u2019s administration is seeking diplomatic solutions to reach the goal of a \u201cdenuclearized Korean Peninsula.\u201d Treasury yields rose after remark by New York Fed President William Dudley, one of the most influential members of the central bank\u2019s policy-setting committee, he would support an interest-rate hike later this year as financial conditions continue to be easy. Investors sold US bonds, considered haven assets, and rotated back into stocks and other assets perceived as risky. US retail sales will be released today at 14:30 CET, the outlook is positive for dollar.<\/p>\n

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European markets advance as North Korea tensions ease<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>recovered on Monday from sharp losses in previous week after US senior officials over the weekend played down the risk of a military conflict with North Korea. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>ended lower against the dollar. The Stoxx Europe 600 index rallied 1.1% following 2.7% drop last week. The\u00a0DAX 30\u00a0<\/em>jumped 1.3% to 12165.12. France\u2019s\u00a0CAC 40\u00a0<\/em>rose 1.2% and UK\u2019s\u00a0FTSE 100<\/a>added 0.6% to 7353.89. European stock indices opened 0.2% – 0.4% higher today.<\/p>\n

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Market action was driven by relief as concerns about possible military confrontation between US and North Korea were assuaged after senior US cabinet members indicated US is working on diplomatic solutions for denuclearization of North Korea. Markets shrugged off a European Union statistics agency report industrial production in the euro-zone fell 0.6% in June compared with May, indicating that the region\u2019s economy may be slowing down. Fiat Chrysler Automobiles shares jumped 8.2% on news it received a purchase bid from a well-known Chinese car maker.<\/p>\n<\/div>\n<\/div>\n

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Asian stocks rise after Kim Jong Un delays plans to fire missiles<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are higher today after North Korea’s leader said he would delay plans to fire a missile near US territory Guam.Nikkei\u00a0<\/em>jumped 1.1% to 19753.31 as yen pulled back against the dollar. Exporters Toyota and Nissan Motors rose 1.5% and 1.8% respectively. Chinese stocks are up: both the\u00a0Shanghai Composite Index\u00a0<\/em>and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index are 0.4% higher. Australia\u2019s All Ordinaries Index is up 0.4% on upbeat bank earnings and continued slide in Australian dollar against the greenback.<\/p>\n

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Oil recovering from three week low<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are inching higher today. Prices fell on Monday on the dollar strength and a drop in Chinese refining runs. October Brent crude lost 2.6% settling at $50.73 a barrel on London\u2019s ICE Futures exchange on Monday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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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 S&P 500, Dow and Nasdaq advance from last week\u2019s losses US stocks\u00a0bounced back on Monday as the tension between the US and North Korea subsided following remarks by top US officials. The dollar regained most of last week\u2019s losses: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s […]<\/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-110951","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110951","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=110951"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110951\/revisions"}],"predecessor-version":[{"id":110964,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110951\/revisions\/110964"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}