{"id":112017,"date":"2017-09-01T07:58:35","date_gmt":"2017-09-01T11:58:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=112017"},"modified":"2017-09-01T07:16:06","modified_gmt":"2017-09-01T11:16:06","slug":"positive-data-boost-investor-risk-appetite","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/positive-data-boost-investor-risk-appetite\/","title":{"rendered":"Positive data boost investor risk appetite"},"content":{"rendered":"
September 1, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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Nasdaq closes at record high<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>added to previous session\u2019s gains on Thursday as additional positive data boosted market sentiment. The dollar inched lower: 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, fell 0.3% to 92.554.\u00a0Dow Jones\u00a0<\/em>industrial average climbed 0.3% closing at 21952.35 with shares of Du Pont and United Health leading the advancers. The\u00a0S&P 500\u00a0<\/em>rose 0.6% settling at 2471.64 led by health care stocks, with nine out of 11 main sectors finishing higher. The\u00a0Nasdaq\u00a0<\/a>index gained 1% closing at record high 6428.66 on back of tow-day rally in biotechnology stocks.<\/p>\n

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The positive momentum in stock market was also supported by data. Consumer spending rose 0.3% last month, helped by higher incomes and low inflation. The pace of inflation, meanwhile, was little changed in July, up 0.1%. Data pointed to continued economic growth. Today at 14:30 CET August jobs report will be released, the outlook is positive for dollar.<\/p>\n<\/div>\n<\/div>\n

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Mining shares lead European indices higher<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>continued advancing led by basic resources shares on strong China manufacturing report Thursday. Both\u00a0euro<\/em>and\u00a0British Pound\u00a0<\/em>inched higher against the dollar. The Stoxx Europe 600 closed 0.8% higher. Germany\u2019s\u00a0DAX 30\u00a0<\/a>gained 0.4% closing at 12055.84. France\u2019s\u00a0CAC 40<\/em>\u00a0added 0.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>jumped 1% to 7430.62. Indices opened 0.1% – 0.2% higher today.<\/p>\n

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Continued positive trend in euro-zone inflation supported the single currency. The rise in consumer prices accelerated to 1.5% in August from 1.3% in July, above an expected 1.4% pace. Core inflation was at unchanged at 1.2% in August, in line with expectations.<\/p>\n

\"FR<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mostly higher today with investor confidence buoyed by data pointing to continued strength of US economy.Nikkei\u00a0<\/em>gained 0.2% to 19691.47 supported by weaker yen against the dollar. Chinese stocks are rising after the private Caixin manufacturing purchasing managers index showed the manufacturing activity expanded in August at the fastest pace in six months: theShanghai Composite Index\u00a0<\/em>is up 0.2% while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 0.1% lower. Australia\u2019s All Ordinaries Index is 02% higher as the Australian dollar inches lower against the greenback.<\/p>\n

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Oil lower<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are retracing lower after sharp rise on Thursday. Prices jumped yesterday as the US Energy Department announced the emergency release of a total of 1 million barrels of oil from the Strategic Petroleum Reserve to be delivered to a refinery in Louisiana amid an effort to help boost gasoline supplies. Official reports indicated 13.5% of oil production in the Gulf of Mexico was shut down on Thursday. Brent for October settlement jumped 3% to end the session at $52.38 a barrel on the London-based ICE Futures exchange on Thursday.<\/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 Nasdaq closes at record high US stock indices\u00a0added to previous session\u2019s gains on Thursday as additional positive data boosted market sentiment. The dollar inched lower: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, fell 0.3% to 92.554.\u00a0Dow Jones\u00a0industrial average […]<\/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-112017","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112017","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=112017"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112017\/revisions"}],"predecessor-version":[{"id":112024,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112017\/revisions\/112024"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=112017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=112017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=112017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}