{"id":119316,"date":"2018-01-09T07:12:35","date_gmt":"2018-01-09T12:12:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=119316"},"modified":"2018-06-01T15:46:47","modified_gmt":"2018-06-01T15:46:47","slug":"sp-500-hits-new-record-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/sp-500-hits-new-record-high\/","title":{"rendered":"SP 500 hits new record high"},"content":{"rendered":"
January 9, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow slips<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>hit new record highs on Monday. The dollar strengthening accelerated on Fed officials\u2019 hawkish comments: 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 0.4% to 92.328.\u00a0S&P 500\u00a0<\/em>gained 0.2% settling at new record 2747.71 led by utilities and technology shares. The\u00a0Dow Jones\u00a0<\/a>industrial average though slipped 0.05% to 25283. The\u00a0Nasdaq\u00a0<\/em>composite index rose 0.3% to fresh record 7157.39. Futures point to lower market openings today.<\/p>\n

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The dollar got support from Cleveland Fed President Loretta Mester comment Friday she sees a strong US economy as helping make the case for four interest rate increases in 2018. On Saturday San Francisco Fed President John Williams said the central bank should lift interest rates three times this year, because of the stimulus tax cuts will provide. Atlanta Fed President Raphael Bostic, who is a voting member of the central bank\u2019s policy committee in 2018, said on Monday that only two increases might be needed in 2018. In economic news consumer borrowing rose to $27.9 billion in November from $20.5 in previous month, by the largest monthly amount in 16 years.<\/p>\n<\/div>\n<\/div>\n

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Weaker euro lifts European stocks<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>closed higher on Monday helped by weaker euro as German manufacturing data disappointed. Theeuro\u00a0<\/em>fell 0.7% against the dollar closing below $1.20 per euro level while\u00a0British Pound\u00a0<\/em>inched higher. The Stoxx Europe 600 index gained 0.3%. The\u00a0DAX 30\u00a0<\/em>rose 0.4% to 13367.78. France\u2019s\u00a0CAC 40\u00a0<\/em>added 0.3% while UK\u2019s\u00a0FTSE 100\u00a0<\/a>finished 0.4% lower. Indices opened 0.1%-0.4% higher today.<\/p>\n

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Trading in upbeat mood continued despite data showed manufacturing orders in Germany unexpectedly fell 0.4% over month in November.<\/p>\n<\/div>\n<\/div>\n

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Bank of Japan trims its bond purchases<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rising today.\u00a0Nikkei\u00a0<\/em>rose 0.6% to 23845.00 as yen extended strengthened against the dollar after the Bank of Japan trimmed the size of its bond repurchase by 5% to \u00a5190 billion ($1.7 billion) of bonds maturing in 10 to 25 years. Chinese stocks are rising: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.2% higher and Hong Kong\u2019s\u00a0Hang Seng<\/em>Index is up 0.3%. Australia\u2019s All Ordinaries Index is 0.1% higher as Australian dollar resumed its climb against the US dollar.<\/p>\n

\"NIKKEI\"<\/p>\n

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Oil higher on US rig count drop<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are extending gains today. Prices rose Monday after Baker Hughes weekly report showed a decline in the number of active US drilling rigs: March Brent crude settled 0.2% higher at $67.78 a barrel on Monday.<\/p>\n

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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 slips US stocks\u00a0hit new record highs on Monday. The dollar strengthening accelerated on Fed officials\u2019 hawkish comments: 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 0.4% to 92.328.\u00a0S&P 500\u00a0gained 0.2% settling at new record 2747.71 led by […]<\/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-119316","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119316","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=119316"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119316\/revisions"}],"predecessor-version":[{"id":119322,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119316\/revisions\/119322"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}