{"id":112368,"date":"2017-09-07T07:30:38","date_gmt":"2017-09-07T11:30:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=112368"},"modified":"2017-09-07T06:41:43","modified_gmt":"2017-09-07T10:41:43","slug":"raising-debt-limit-and-funding-us-government-buoys-investor-confidence","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/raising-debt-limit-and-funding-us-government-buoys-investor-confidence\/","title":{"rendered":"Raising debt limit and funding US government buoys investor confidence"},"content":{"rendered":"
September 7, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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Energy stocks lead US equities higher<\/h2>\n<\/div>\n<\/div>\n

US stocks<\/b>\u00a0posted gains on Wednesday after President Trump and congressional lawmakers agreed to fund government and raise debt limit to December 15. The dollar slipped after Bank of Canada unexpectedly raised interest rate 0.25 percentage points to 1 percent : 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, inched lower less than 0.1% to 92.22. The\u00a0S&P 500<\/a>\u00a0advanced 0.3% settling at 2465.54 led by energy shares. Nine out of 11 main sectors ended higher. The\u00a0Dow Jones\u00a0<\/em>industrial average added 0.3% to 21807.64.\u00a0Nasdaq\u00a0<\/em>composite rose 0.3% to 6393.31.<\/p>\n

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European stocks rebound<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>rebounded on Wednesday led by automaker shares boosted by ratings upgrades. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>extended gains against the dollar. The Stoxx Europe 600 index rose 0.1% after two two session losing streak. Germany\u2019s\u00a0DAX 30<\/em>jumped 0.8% to 12214.54 helped by data indicating new car registrations in Germany rose 3.5% on year in August. France\u2019s\u00a0CAC 40\u00a0<\/a>rose 0.3% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>lost 0.3% to 7354.13.<\/p>\n

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The closely watched event today is the European Central Bank\u2019s rate decision and press conference at 13:45 CT at 14:30 CET. With euro strengthening lately ECB president Draghi is not expected to signal it will start tapering its 60 billion euro asset purchase program scheduled to end in December.<\/p>\n

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

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Asian stocks mixed<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today. The\u00a0Nikkei\u00a0<\/em>ended 0.2% higher at 19396.52 despite weaker yen against the dollar. Chinese stocks are down: both\u00a0Shanghai Composite Index\u00a0<\/em>and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>are 0.4% lower. Australia\u2019s All Ordinaries Index is 0.02% higher with the Australian dollar erasing previous day\u2019s gains against the greenback.<\/p>\n

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Oil steady ahead of inventory report<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are steady today. Prices climbed yesterday helped by higher demand for crude as refineries shut down by Hurricane Harvey on Gulf Coast reopened. November Brent crude rose 1.5% to $54.20 a barrel on Wednesday on London\u2019s ICE Futures exchange. The American Petroleum Institute reported late Wednesday US crude supplies rose 2.8 million barrels for last week, but gasoline stockpiles fell by 2.5 million barrels. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 Energy stocks lead US equities higher US stocks\u00a0posted gains on Wednesday after President Trump and congressional lawmakers agreed to fund government and raise debt limit to December 15. The dollar slipped after Bank of Canada unexpectedly raised interest rate 0.25 percentage points to 1 percent : the\u00a0live dollar index\u00a0data show the ICE US […]<\/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-112368","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112368","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=112368"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112368\/revisions"}],"predecessor-version":[{"id":112378,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112368\/revisions\/112378"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=112368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=112368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=112368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}