{"id":116466,"date":"2017-11-14T06:40:40","date_gmt":"2017-11-14T11:40:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=116466"},"modified":"2018-06-01T15:49:14","modified_gmt":"2018-06-01T15:49:14","slug":"us-market-edges-up","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/us-market-edges-up\/","title":{"rendered":"US market edges up"},"content":{"rendered":"
November 14, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP 500 ends within 1% of all-time high<\/h2>\n<\/div>\n<\/div>\n

US major stock indices<\/b>\u00a0ended marginally higher on Monday with gains capped by uncertainty about Republicans\u2019 tax cuts bill. The dollar edged higher: 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 0.1% to 94.504.\u00a0S&P 500\u00a0<\/em>closed 0.1% higher settling at 2584.84. The\u00a0Dow Jones\u00a0<\/a>industrial average added less than 0.1% to 23439.63. The\u00a0Nasdaq\u00a0<\/em>composite index rose 0.1% to 6757.60.<\/p>\n

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US broad stocks market index is less than 1% below its all-time high after recent pullback started on worries about delays in corporate tax cuts. The SP 500 however is 16% up year to date. Stocks eked out gains despite the Treasury report US federal budget deficit for October rose $17 billion from the same period last year to $63.2 billion dollars.<\/p>\n<\/div>\n<\/div>\n

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European markets fall on Brexit impact concerns<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>ended lower on Monday on concerns about possible negative impact of Brexit on euro-zone economy. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>fell against the dollar. The Stoxx Europe 600 index ended 0.7% lower led by bank stocks. The\u00a0DAX 30\u00a0<\/em>pulled back 0.4% to 13074.42. France\u2019s\u00a0CAC 40\u00a0<\/em>fell 0.7% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>slipped 0.2% to 7415.18.<\/p>\n

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The International Monetary Fund official\u2019s comment the euro-zone economy would suffer along with the UK\u2019s if there\u2019s a \u201cdisruptive\u201d Brexit weighed on market sentiment. Pound fell after a report that 40 lawmakers in the British parliament had agreed to sign a letter of no confidence in Prime Minister Theresa May. That is eight votes short of the required number of signatures to start a formal leadership challenge.<\/p>\n

\"DE30\"<\/p>\n<\/div>\n<\/div>\n

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Asian indices fall on slower China growth data<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are lower today on slowing Chinese growth concerns.\u00a0Nikkei\u00a0<\/em>closed little changed in choppy trade at 22380.01 despite a weaker yen against the dollar. Chinese stocks are lower after data showed slower industrial output and fixed asset investment growth in China in October: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.5% lower and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is down 0.1%. Australia\u2019s All Ordinaries Index is 0.8% lower led by mining stocks as Australian dollar advanced against the greenback.<\/p>\n

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

Oil futures prices\u00a0<\/b>are inching lower today. Prices fell Monday on a US Energy Information Administration report showing another monthly climb in US shale oil production from seven major US oil plays: about 80 thousand barrels a day in December to 6.174 million barrels a day. The report has forecast increases in shale oil output every month so far this year. January Brent crude lost 0.6% settling at $63.16 a barrel 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 SP 500 ends within 1% of all-time high US major stock indices\u00a0ended marginally higher on Monday with gains capped by uncertainty about Republicans\u2019 tax cuts bill. The dollar edged higher: 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, rose […]<\/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-116466","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116466","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=116466"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116466\/revisions"}],"predecessor-version":[{"id":116475,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116466\/revisions\/116475"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=116466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=116466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=116466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}