{"id":129674,"date":"2018-07-09T06:15:57","date_gmt":"2018-07-09T10:15:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=129674"},"modified":"2018-07-09T05:58:28","modified_gmt":"2018-07-09T09:58:28","slug":"strong-jobs-report-props-us-stocks-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/strong-jobs-report-props-us-stocks-market\/","title":{"rendered":"Strong jobs report props US stocks market"},"content":{"rendered":"
July 9, 2018<\/div>
\r\n<\/div><\/div>

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

\n
\n

SP500 logs solid gain after two weekly losses<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>extended gains Friday on strong June jobs report while US officially imposed tariffs on $34 billion of Chinese imports.\u00a0S&P 500<\/a>\u00a0rose 0.9% to 2759.82, ending 1.5% higher for the week.\u00a0Dow Jones\u00a0<\/em>industrial average added 0.4% to 24456.48. The\u00a0Nasdaq\u00a0<\/em>rallied 1.3% to 7688.39. The dollar turned sharply lower despite a stronger than expected rise in nonfarm payrolls by 213,000 in June: 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 0.4% to 94.01 and is lower currently. Stock index futures point to higher openings today.<\/p>\n

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

\n
\n

European stocks snap three-weak slide<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>added to previous session gains on Friday. The\u00a0GBPUSD<\/em>\u00a0joined\u00a0EURUSD<\/a>‘s climb and both pairs are higher currently. The Stoxx Europe 600 Index gained 0.2%, ending 06% higher for the week. The\u00a0DAX 30\u00a0<\/em>rose 0.3% to 12496.17. France\u2019s\u00a0CAC 40\u00a0<\/em>ended 0.2% higher and UK\u2019s\u00a0FTSE 100\u00a0<\/a>gained 0.4% to 7617.70. Indices opened 0.4% – 0.5% higher today.<\/p>\n

\n
\n

Chinese stocks lead Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rising today as investors\u2019 risk appetite was supported by strong US jobs data.\u00a0Nikkei\u00a0<\/em>rose 1.2% to 22052.18 helped by yen turn lower against the dollar. Chinese stocks are rising after China\u2019s securities regulator said on Sunday it plans to ease restrictions on foreign investment in stock listed on the Shanghai or Shenzhen exchanges: theShanghai Composite Index\u00a0<\/em>is up 2.5% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 1.5% higher. Australia\u2019s All Ordinaries Index is up 0.2% despite the Australian dollar continued climb against the greenback.<\/p>\n

\n
\n

Brent\u00a0<\/a>drops on surprise US stocks increase<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are extending losses today. Prices ended lower yesterday after a surprise buildup in US domestic crude inventories. The Energy Information Administration reported Thursday that crude stockpiles rose by 1.2 million barrels last week when a drop was expected. Brent for September settlement closed 1.1% lower at $77.39 a barrel on Thursday.<\/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 SP500 logs solid gain after two weekly losses US stock indices\u00a0extended gains Friday on strong June jobs report while US officially imposed tariffs on $34 billion of Chinese imports.\u00a0S&P 500\u00a0rose 0.9% to 2759.82, ending 1.5% higher for the week.\u00a0Dow Jones\u00a0industrial average added 0.4% to 24456.48. The\u00a0Nasdaq\u00a0rallied 1.3% to 7688.39. The dollar turned sharply […]<\/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-129674","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129674","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=129674"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129674\/revisions"}],"predecessor-version":[{"id":129676,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129674\/revisions\/129676"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=129674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=129674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=129674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}