{"id":112701,"date":"2017-09-12T06:50:08","date_gmt":"2017-09-12T10:50:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=112701"},"modified":"2017-09-12T06:30:11","modified_gmt":"2017-09-12T10:30:11","slug":"global-equities-rally-as-us-hurricane-damage-concerns-abate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/global-equities-rally-as-us-hurricane-damage-concerns-abate\/","title":{"rendered":"Global equities rally as US hurricane damage concerns abate"},"content":{"rendered":"
September 12, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow retakes 22000 mark<\/h2>\n<\/div>\n<\/div>\n

US stock indices<\/b>\u00a0advanced on Monday as geopolitical tensions subsided after North Korea refrained from a missile launch over the weekend and Hurricane Irma proved less destructive than feared. The dollar recovered: 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, rose 0.6% to 91.911.\u00a0S&P 500\u00a0<\/em>closed 1.1% higher settling at record high 2488.11, led by technology and financial stocks. The\u00a0Dow Jones\u00a0<\/a>industrial average jumped 1.2% to 22057.37. The\u00a0Nasdaq<\/em>composite index gained 1.1% closing at 6432.26.<\/p>\n

\"DJI<\/p>\n

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Insurance stocks lead European indices higher<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>rebounded on Monday as investors\u2019 risk appetite recovered after Pyongyang didn\u2019t fire a missile and the damage Hurricane Irma was likely to cause US economy appeared not as severe as feared. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>reversed course and slipped against the dollar. The Stoxx Europe 600 index rose 1% led by insurance stocks. The\u00a0DAX 30\u00a0<\/em>jumped 1.4% to 12475.24. France\u2019s\u00a0CAC 40\u00a0<\/em>rose 1.2%. UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.5% to 7413.59. Indices opened 0.1%-0.5% higher today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are mostly rising today.\u00a0Nikkei\u00a0<\/em>rose 1.2% to 19776.62 as yen weakness against the dollar continued as demand for haven assets subsided. Insurers and financial stocks were the best performers. Chinese stocks are mixed after the central bank scrapped two measures instituted earlier to support the yuan : the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.1% while Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.02% lower. Australia\u2019s All Ordinaries Index is up 0.5% despite stronger Australian dollar against the greenback.<\/p>\n

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

Oil futures prices\u00a0<\/b>are inching lower today as market participants assess the damage from Hurricane Irma with refineries restarting operations after Hurricane Harvey. Crude oil prices rose on Monday as traders were concerned about Hurricane Irma\u2019s impact on energy demand. November Brent crude rose 0.1% settling at $53.84 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 Dow retakes 22000 mark US stock indices\u00a0advanced on Monday as geopolitical tensions subsided after North Korea refrained from a missile launch over the weekend and Hurricane Irma proved less destructive than feared. The dollar recovered: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket […]<\/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-112701","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112701","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=112701"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112701\/revisions"}],"predecessor-version":[{"id":112705,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112701\/revisions\/112705"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=112701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=112701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=112701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}