{"id":118819,"date":"2017-12-29T06:59:51","date_gmt":"2017-12-29T11:59:51","guid":{"rendered":"http:\/\/countingpips.com\/?p=118819"},"modified":"2018-06-01T15:46:50","modified_gmt":"2018-06-01T15:46:50","slug":"dow-closes-at-fresh-record","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/dow-closes-at-fresh-record\/","title":{"rendered":"Dow closes at fresh record"},"content":{"rendered":"
December 29, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stock indices rise despite mixed data<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended higher on Thursday despite mixed data. The dollar weakness intensified: the\u00a0live dollar index<\/a>data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, ended 0.4% lower at 92.668.\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.3% to 71th record close 24837.51 this year. The\u00a0S&P 500<\/em>gained 0.2% to 2687.54 led by financial shares up 0.4%. The\u00a0Nasdaq\u00a0<\/a>composite rose 0.2% to 6950.16.<\/p>\n

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Tax cuts enacted by the tax overhaul are the main driver of stock market rally despite mixed data: the goods trade deficit widened by 2.3% in November to $69.7 billion, which could negatively impact fourth quarter growth. On positive side the Chicago purchasing managers index jumped to 67.6 in December from 63.9, the highest since March 2011. Readings above 50 indicate expansion. And initial jobless claims were unchanged at 245,000 last week.<\/p>\n<\/div>\n<\/div>\n

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European stocks pull back<\/h2>\n<\/div>\n<\/div>\n

European markets\u00a0<\/b>pulled back on Thursday erasing previous session gains in thin trading. The\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>rally against the dollar continued. The Stoxx Europe 600 index fell 0.3%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>dropped 0.7% to 12979.94. France\u2019s\u00a0CAC 40\u00a0<\/em>lost 0.6% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>inched up 0.03% to all-time closing high 7622.88. Some exchanges, including the UK\u2019s, will close early on Friday. Indices opened mixed today.<\/p>\n

\"GB100\"<\/p>\n

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Asian markets mixed ahead of New Year<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed in thin trading ahead of New Year holiday.\u00a0Nikkei\u00a0<\/em>slipped 0.1% to 22764.94 on continued yen strength against the dollar. Chinese stocks are rising as central bank said it will let some commercial banks temporarily keep lower required reserves in light of heavy demand for cash ahead of the Lunar New Year: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.4% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.2%. Australia\u2019s All Ordinaries Index is 0.4% lower as Australian dollar rally against the greenback persists.<\/p>\n

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Oil up as US crude stocks drop<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are edging higher today. Prices rose yesterday after the US Energy Information Administration report of bigger than expected drop in domestic crude supplies of 4.6 million barrels last week. Brent for February settlement rose 0.4% to end the session at $66.72 a barrel 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 US stock indices rise despite mixed data US stock market\u00a0ended higher on Thursday despite mixed data. The dollar weakness intensified: the\u00a0live dollar indexdata show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, ended 0.4% lower at 92.668.\u00a0Dow Jones\u00a0industrial average rose 0.3% to 71th […]<\/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-118819","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118819","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=118819"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118819\/revisions"}],"predecessor-version":[{"id":118828,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118819\/revisions\/118828"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=118819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=118819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=118819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}