{"id":118780,"date":"2017-12-28T07:35:47","date_gmt":"2017-12-28T12:35:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=118780"},"modified":"2018-06-01T15:46:50","modified_gmt":"2018-06-01T15:46:50","slug":"us-stocks-edge-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/us-stocks-edge-higher\/","title":{"rendered":"US stocks edge higher"},"content":{"rendered":"
December 28, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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All three main US indices rebound<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>resumed advancing on Wednesday. The dollar weakness persisted: 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 92.998. The\u00a0S&P 500<\/a>\u00a0rose 0.1% to 2682.62 led by real estate, utilities and industrial shares. Seven of the 11 primary sectors ended in positive territory. The\u00a0Dow Jones\u00a0<\/em>industrial average gained 0.1% to 24774.30.\u00a0Nasdaq\u00a0<\/em>composite index added less than 0.1% to 6939.34.<\/p>\n

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Positive economic data were supportive for upbeat sentiment: the consumer confidence remained at historically high levels though the Conference Board\u2019s index declined in December. Also, the pending home sales grew by 0.2% in November according to the National Association of Realtors.<\/p>\n<\/div>\n<\/div>\n

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European markets recover<\/h2>\n<\/div>\n<\/div>\n

European markets\u00a0<\/b>edged higher on Wednesday as trading resumed after investors returned from Christmas holidays. The\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>continued climbing against the dollar. The Stoxx Europe 600 closed 0.1% higher. Germany\u2019sDAX 30\u00a0<\/em>slipped 0.1% settling at 13070.02. France\u2019s\u00a0CAC 40\u00a0<\/a>rose 0.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.4% to record high 7620.68. Indices opened flat today.<\/p>\n

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Gains in mining shares buoyed stock indices helped by advancing metals prices. Fresnillo shares jumped 3.5%, and Glencore gained 2.1%.<\/p>\n<\/div>\n<\/div>\n

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Technology stocks lead Asian markets rise<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly higher today led by technology stocks.\u00a0Nikkei\u00a0<\/em>fell 0.6% to 22950.50 despite better than expected growth in factories activity and retail sales in November while yen surged against the dollar. Chinese stocks are up: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.7% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.8%. Australia\u2019s All Ordinaries Index added 0.3% while Australian dollar charged higher against the greenback supported by strong commodity prices.<\/p>\n

\"HK50\"<\/p>\n

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Oil up on US crude stocks draw<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are higher today after a report by the American Petroleum Institute showing a 6 million barrel drop in crude oil inventories to 432.8 million barrels. Prices ended lower yesterday on expectations that the Libyan pipeline that was damaged by explosion could be repaired next week: February Brent crude fell 0.9% to $59.64 a barrel on Wednesday. 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 All three main US indices rebound US stock market\u00a0resumed advancing on Wednesday. The dollar weakness persisted: 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 92.998. The\u00a0S&P 500\u00a0rose 0.1% to 2682.62 led by real estate, utilities and […]<\/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-118780","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118780","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=118780"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118780\/revisions"}],"predecessor-version":[{"id":118787,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118780\/revisions\/118787"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=118780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=118780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=118780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}