{"id":122052,"date":"2018-02-23T06:50:28","date_gmt":"2018-02-23T11:50:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=122052"},"modified":"2018-06-01T15:42:20","modified_gmt":"2018-06-01T15:42:20","slug":"us-indices-end-mixed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/us-indices-end-mixed\/","title":{"rendered":"US indices end mixed"},"content":{"rendered":"
February 23, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow, S&P 500 rise while Nasdaq slips<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>ended mixed on Thursday after upbeat labor data.\u00a0Dow Jones\u00a0<\/em>industrial average advanced 0.7% to 24962.48. The\u00a0S&P 500\u00a0<\/em>added 0.1% to 2703.96. However the\u00a0Nasdaq\u00a0<\/a>composite lost 0.1% to 7210.09. The dollar weakened: 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 0.5% to 89.732. Futures on main US stock indices indicate higher openings today.<\/p>\n

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Signs of uptick in inflation caused the stock market correction at the start of the month after jobs report showed wages grew at fastest rate in years. Markets have been in re-pricing mode after that as investors considered the likelihood of faster monetary tightening by the Fed to limit the risk of accelerating inflation. St. Louis Fed President James Bullard tried to tamp down the growing expectations that the US central bank will implement four quarter-point rate increases this year saying \u201cthe idea that we have to go 100 basis points in 2018, that seems like a lot to me\u201d. Earlier the Fed\u2019s vice chairman Randall Quarles said that recent low inflation readings aren\u2019t \u201ca great concern,\u201d and the economy is \u201cperforming very well.\u201d And Treasury yields inched lower yesterday with dollar following suit despite a 7,000 drop in initial US jobless claims to 222,000, the second lowest level since the end of the 2007-2009 recession.<\/p>\n

\"SP500\"<\/p>\n<\/div>\n<\/div>\n

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European indices end mixed too<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended losses on Thursday. led by Airbus shares. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>turned higher against the dollar. The Stoxx Europe 600 index fell 0.2% paring earlier losses as US markets rebounded. Germany\u2019s\u00a0DAX 30\u00a0<\/a>dipped 0.1% to 12461.91. France\u2019s\u00a0CAC 40\u00a0<\/em>rose 0.1% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>fell 0.4% to 7252.39. Indices opened flat to 0.2% higher today.<\/p>\n

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Minutes from the European Central Bank\u2019s January meeting were in focus yesterday. They showed officials thought it was \u201cpremature\u201d to change ECB\u2019s forward guidance as inflation remained too far from the ECB\u2019s target of just below 2%. However, policy makers added that the forward guidance on quantitative easing could be revisited early this year, likely in the first half of the year. In economic news, the Ifo business climate index fell to below-expected 115.4 points in February, and UK\u2019s fourth quarter GDP was downgraded to 1.4% from 1.5% annual rate.<\/p>\n<\/div>\n<\/div>\n

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Asian markets rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rising today tracking Wall Street gains overnight.\u00a0Nikkei\u00a0<\/em>rose 0.7% to 21892.78 helped by yen growing weaker against the dollar and steady rise in core consumer price in January at 0.9% over year. Chinese stocks are rising paring earlier losses after news the government took control of acquisitive financial conglomerate Anbang Insurance: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.6% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 1%. Australia\u2019s All Ordinaries Index is up 0.8% as Australian dollar turned lower against the greenback.<\/p>\n

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Brent\u00a0<\/a>up on US inventory draw<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are building on previous day\u2019s strength. Prices rose yesterday after Energy Information Administration reported crude oil stocks fell by 1.616 million barrels last week. Brent for April settlement rose 1.5% to close at $66.39 a barrel on Thursday.<\/p>\n

\nMarket 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 Dow, S&P 500 rise while Nasdaq slips US stock indices\u00a0ended mixed on Thursday after upbeat labor data.\u00a0Dow Jones\u00a0industrial average advanced 0.7% to 24962.48. The\u00a0S&P 500\u00a0added 0.1% to 2703.96. However the\u00a0Nasdaq\u00a0composite lost 0.1% to 7210.09. The dollar weakened: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against […]<\/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-122052","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122052","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=122052"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122052\/revisions"}],"predecessor-version":[{"id":122064,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122052\/revisions\/122064"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=122052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=122052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=122052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}