{"id":126800,"date":"2018-05-17T06:24:07","date_gmt":"2018-05-17T10:24:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=126800"},"modified":"2018-06-01T15:39:46","modified_gmt":"2018-06-01T15:39:46","slug":"us-equities-rebound-on-positive-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/us-equities-rebound-on-positive-earnings\/","title":{"rendered":"US equities rebound on positive earnings"},"content":{"rendered":"
May 17, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Upbeat retailers reports lift US market<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>rebounded on Wednesday led by materials shares. The\u00a0S&P 500<\/a>\u00a0rose 0.4% to 2722.46, with nine of 11 main sectors finishing higher. The\u00a0Dow Jones\u00a0<\/em>added 0.3% to 24768.93.\u00a0Nasdaq\u00a0<\/em>composite index gained 0.6% to 7398.30.The dollar strengthening slowed: 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, edged up 0.1% to 93.29 and is rising currently. Stock indices futures point to lower openings today.<\/p>\n

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Stock market advanced on upbeat retailers reports. Treasury yields continued rising. Economic news were mixed: industrial production rose at above-expected rate of 0.7% in April, while construction of new houses dropped 3.7% to an annual rate of 1.29 million last month.<\/p>\n<\/div>\n<\/div>\n

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European stocks rise on upbeat earnings<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended gains on Wednesday . The\u00a0British Pound\u00a0<\/em>turned higher against the dollar while\u00a0euro<\/em>continued its slide and both are down currently. The Stoxx Europe 600 gained 0.2%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>added 0.2% to 12996.33. France\u2019s\u00a0CAC 40\u00a0<\/a>rose 0.3% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.2% to 7734.20. Markets opened mixed today.<\/p>\n

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Euro slide continued after reports the 5 Star Movement and League coalition is considering radical plans that would boost Italy\u2019s deficit. In economic news inflation in euro-zone in April was confirmed at 1.2% in March after gaining 1.3% in February.<\/p>\n<\/div>\n<\/div>\n

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Asian indices retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today as the United States and China start trade talks.\u00a0Nikkei\u00a0<\/em>ended 0.5% higher at 22838.37 as yen slide against the dollar accelerated. China\u2019s stocks are lower despite a report China foreign direct investment rose 1.9% over year in April to $9.09 billion: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.5% lower and Hong Kong\u2019sHang Seng Index\u00a0<\/em>is down 0.3%. Australia\u2019s All Ordinaries Index is down 0.2% as Australian dollar gains against the greenback continued despite report unemployment rose more than expected in April.<\/p>\n

\"HK50\"<\/p>\n

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

Brent futures prices\u00a0<\/b>are gaining today. Prices rose yesterday as the US Energy Information Administration reported that domestic crude supplies fell by 1.4 million barrels last week. July Brent crude jumped 1.1% to $79.28 a barrel on Wednesday.<\/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 Upbeat retailers reports lift US market US stocks\u00a0rebounded on Wednesday led by materials shares. The\u00a0S&P 500\u00a0rose 0.4% to 2722.46, with nine of 11 main sectors finishing higher. The\u00a0Dow Jones\u00a0added 0.3% to 24768.93.\u00a0Nasdaq\u00a0composite index gained 0.6% to 7398.30.The dollar strengthening slowed: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the […]<\/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-126800","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126800","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=126800"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126800\/revisions"}],"predecessor-version":[{"id":126805,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126800\/revisions\/126805"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}