{"id":119671,"date":"2018-01-16T06:35:25","date_gmt":"2018-01-16T11:35:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=119671"},"modified":"2018-06-01T15:46:43","modified_gmt":"2018-06-01T15:46:43","slug":"us-markets-reopen-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/us-markets-reopen-today\/","title":{"rendered":"US markets reopen today"},"content":{"rendered":"
January 16, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakness persists<\/h2>\n<\/div>\n<\/div>\n

US financial markets\u00a0<\/b>were closed Monday for Martin Luther King holiday. The dollar weakening persisted after Friday\u2019s slump prompted by the euro rally and steady December inflation: 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 0.6% to 90.432. Futures on main US stock indices rose yesterday and point to higher opening today.<\/p>\n

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Stronger euro weighs on European indices<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>closed lower on Monday weighed by stronger euro. The\u00a0euro\u00a0<\/em>rose further against the dollar after closing above $1.20 Friday.\u00a0British Pound\u00a0<\/em>also rose after Friday rally. The Stoxx Europe 600 index lost 0.2%. TheDAX 30\u00a0<\/em>fell 0.3% to 13200.51. France\u2019s\u00a0CAC 40\u00a0<\/em>slipped 0.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>pulled back 0.1% from Friday\u2019s record close to 7769.14.<\/p>\n

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European stock indices pulled back as euro rally continued. Euro rally resumed last week after minutes from the European Central Bank\u2019s December meeting revealed that policy makers were considering a hawkish shift in monetary policy in 2018. However Bundesbank President Jens Weidmann, a known hawk on ECB Governing Council, said \u201cimminent risk of a change is small for the moment\u201d late Friday. On Monday Ardo Hansson, another Governing Council member, said ECB could end its bond purchase scheme in September if the economy and inflation develop as expected. In economic news, euro-zone trade surplus rose to its highest level in eight months in November.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mostly higher today.\u00a0Nikkei\u00a0<\/em>rose 0.9% to 23845.00 while yen reversed gains against the dollar as Japanese Finance Minister Taro Aso said he did not see problems with the dollar weakening. Chinese stocks are rising: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.8% higher and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is up 1.4%. Australia\u2019s All Ordinaries Index is 0.5% lower with Australian dollar steady against the US dollar.<\/p>\n

\"AU200\"<\/p>\n

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Oil pulling back<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are lower today. Prices rose Monday: March Brent crude settled 0.6% higher at $70.26 a barrel on Monday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dollar weakness persists US financial markets\u00a0were closed Monday for Martin Luther King holiday. The dollar weakening persisted after Friday\u2019s slump prompted by the euro rally and steady December inflation: 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 0.6% […]<\/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-119671","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119671","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=119671"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119671\/revisions"}],"predecessor-version":[{"id":119677,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119671\/revisions\/119677"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}