{"id":125325,"date":"2018-04-18T06:32:49","date_gmt":"2018-04-18T10:32:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=125325"},"modified":"2018-06-01T15:40:51","modified_gmt":"2018-06-01T15:40:51","slug":"upbeat-earnings-lift-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/upbeat-earnings-lift-markets\/","title":{"rendered":"Upbeat earnings lift markets"},"content":{"rendered":"
April 18, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dow turns positive for 2018<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>closed solidly higher Tuesday on positive earnings reports. The\u00a0S&P 500\u00a0<\/em>climbed 1.1% to 2706.39 led by technology and consumer discretionary shares. All 11 main sectors ended higher.\u00a0Dow Jones\u00a0<\/em>industrial average gained 0.9% to 24786.63, turning positive for the year. The\u00a0Nasdaq\u00a0<\/a>composite index outperformed rising 1.7% to 7281.10. The dollar strengthened: 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 0.1% to 89.45. Stock indices futures indicate higher openings today.<\/p>\n

\n
\n

Upbeat earning reports boosted investors risk appetite as traders anticipate SP 500 companies earnings to grow 17.3% in the first quarter buoyed by recent tax cut, according to FactSet. Positive economic data also supported the market sentiment: housing starts rose 1.9% in March after 3.3% decline in February. And industrial production in March rose 0.5%, above forecast of a 0.3% gain.<\/p>\n<\/div>\n<\/div>\n

\n
\n

DAX leads European indices rally<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>rallied Tuesday despite weak economic reports. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>switched to losses against the dollar but are rising currently. The Stoxx Europe 600 rose 0.8%. The German\u00a0DAX 30\u00a0<\/a>jumped 1.6% to 12585.57. France\u2019s\u00a0CAC 40<\/em>\u00a0gained 0.8% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>rose 0.4% to 7226.05. Indices opened flat to 0.2% higher today.<\/p>\n

\n
\n

UK\u2019s FTSE 100 index erased earlier losses and ended higher after Pound reversed earlier gains as wage growth including bonuses came in up 2.8% for February, below an expected 3%. The German ZEW survey results showed forecasts for economic conditions and sentiment in euro-zone and its largest economy deteriorated in April more than expected.<\/p>\n

\"FR40\"<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n

\n
\n

Nikkei leads Asian indices rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rising today supported also by easing of tensions over North Korea.\u00a0Nikkei\u00a0<\/em>rose 1.4% to 22185.20 helped by yen turning lower against the dollar. Chinese stocks are rising after China\u2019s central bank cut the amount of money lenders need to keep in reserve by 1 percentage point Tueday: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.9% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 1% higher. Australia\u2019s All Ordinaries Index is up 0.3% with Australian dollar edging lower against the greenback after minutes from the last meeting of the Reserve Bank of Australia indicated interest rates would be on hold for an extended period.<\/p>\n

\n
\n

Brent\u00a0<\/a>advances<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are edging higher today as traders expect US inventories fell last week. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 1 million barrels last week to 428 million. Prices rose yesterday: June Brent gained 0.2% to $71.58 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

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

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 turns positive for 2018 US stock indices\u00a0closed solidly higher Tuesday on positive earnings reports. The\u00a0S&P 500\u00a0climbed 1.1% to 2706.39 led by technology and consumer discretionary shares. All 11 main sectors ended higher.\u00a0Dow Jones\u00a0industrial average gained 0.9% to 24786.63, turning positive for the year. The\u00a0Nasdaq\u00a0composite index outperformed rising 1.7% to 7281.10. The dollar […]<\/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-125325","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125325","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=125325"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125325\/revisions"}],"predecessor-version":[{"id":125330,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125325\/revisions\/125330"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=125325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=125325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=125325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}