{"id":127079,"date":"2018-05-22T06:23:33","date_gmt":"2018-05-22T10:23:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=127079"},"modified":"2018-06-01T15:39:44","modified_gmt":"2018-06-01T15:39:44","slug":"us-equities-rally-as-trade-war-fears-ease","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/us-equities-rally-as-trade-war-fears-ease\/","title":{"rendered":"US equities rally as trade war fears ease"},"content":{"rendered":"
May 22, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow closes above 25000<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>recovered Monday on receding US-China trade war fears. The\u00a0S&P 500\u00a0<\/em>rose 0.7% to 2733.01 led by industrial stocks up 1.5%.\u00a0Dow Jones\u00a0<\/a>industrial rallied 1.2% to 25013.29. The\u00a0Nasdaq\u00a0<\/em>composite index advanced 0.5% to 7394.04. The dollar weakened:\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 0.2% to 93.50 but is up currently. Stock indices futures indicate higher openings today.<\/p>\n

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Market sentiment was buoyed after Treasury Secretary Steven Mnuchin\u2019s comment over the weekend that the Trump administration would delay implementation of tariffs on Chinese goods and \u201cput the trade war on hold\u201d while the countries are negotiating. There were reports China agreed to buy more US goods to narrow the trade deficit between the two economies but didn\u2019t agree to the specific US target of $200 billion. Treasury yields remained elevated. Philadelphia Fed President Patrick Harker said he would support two to three more rate hikes this year if inflation accelerated, while Atlanta Fed President Raphael Bostic said the central bank should move to a price-targeting regime that would allow inflation to temporarily overshoot 2%. In economic news, the Chicago Federal Reserve\u2019s national activity index for April edged up to 0.34, from 0.32 in the previous month.<\/p>\n

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

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FTSE 100 leads European indices rally<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>rebounded on Monday as US-China trade war concerns eased. The\u00a0British Pound\u2019s\u00a0<\/em>accelerated the slide against the dollar while\u00a0euro\u00a0<\/em>turned higher with both currencies receding against dollar currently. The Stoxx Europe 600 index rose 0.3%. France\u2019s\u00a0CAC 40\u00a0<\/em>ended 0.4% higher and UK\u2019s\u00a0FTSE 100\u00a0<\/a>rallied 1% to 7859.17. Germany\u2019s stock market was closed for Whit Monday. Markets opened 0.03% – 0.4% higher today.<\/p>\n

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Italian stock market fell after reports the newly formed antiestablishment government is considering to widen budget deficit through tax cuts and spendings amounting to 100 billion euros.<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mostly lower today.\u00a0Nikkei\u00a0<\/em>lost 0.2% to 22960.34 despite continued yen slide against the dollar. The\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.02%. Hong Kong stock market is closed for a holiday. Australia\u2019s All Ordinaries Index is down 0.7% as the Australian dollar continued rising against the US dollar.<\/p>\n

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

Brent futures prices\u00a0<\/b>are pulling back today on rising US output. Prices closed edging higher today. Prices rallied yesterday on fears the US could impose new sanctions on Venezuela after US Secretary of State Mike Pompeo said the US will \u201ctake swift economic and diplomatic actions to support the restoration of democracy\u201d following weekend elections in the country that were viewed as illegitimate by the opposition and foreign governments. July Brent crude settled 0.9% higher at $79.22 a barrel on Monday.<\/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 closes above 25000 US stocks\u00a0recovered Monday on receding US-China trade war fears. The\u00a0S&P 500\u00a0rose 0.7% to 2733.01 led by industrial stocks up 1.5%.\u00a0Dow Jones\u00a0industrial rallied 1.2% to 25013.29. The\u00a0Nasdaq\u00a0composite index advanced 0.5% to 7394.04. The dollar weakened:\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-127079","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127079","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=127079"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127079\/revisions"}],"predecessor-version":[{"id":127085,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127079\/revisions\/127085"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=127079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=127079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=127079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}