{"id":129808,"date":"2018-07-10T06:03:35","date_gmt":"2018-07-10T10:03:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=129808"},"modified":"2018-07-10T06:03:35","modified_gmt":"2018-07-10T10:03:35","slug":"financials-lead-us-stocks-advance","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/financials-lead-us-stocks-advance\/","title":{"rendered":"Financials lead US stocks advance"},"content":{"rendered":"
July 10, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow is back in positive territory for 2018<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>added to previous session gains on Monday led by banking shares. The\u00a0S&P 500\u00a0<\/em>gained 0.9% to 2784.17,.Dow Jones\u00a0<\/a>industrial rallied 1.3% to 24776.59 closing above the 50-day moving average. The\u00a0Nasdaq\u00a0<\/em>composite index rose 0.9% to 7756.20. The dollar rebounded:\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, inched up 0.06% to 94.066 and is higher currently. Stock index futures indicate higher openings today.<\/p>\n

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Treasury yields rose on the Federal Reserve data consumer borrowing expanded in May with total consumer credit increasing $24.6 billion to $3.9 trillion, up 7.6%. This is the fastest pace of credit growth since November.<\/p>\n<\/div>\n<\/div>\n

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

European stocks\u00a0<\/b>advanced fifth straight session on Monday. The\u00a0GBPUSD<\/a>\u00a0turned lower while\u00a0EURUSD<\/em>\u00a0continued its climb and both pairs are moving higher currently. The Stoxx Europe 600 index rose 0.6%. The\u00a0DAX 30\u00a0<\/em>gained 0.4% to 12543.89 and France\u2019s\u00a0CAC 40\u00a0<\/em>added 0.4%. UK\u2019s\u00a0FTSE 100\u00a0<\/a>rose 0.9% to 7687.99. Indices opened 0.1% – 0.2% higher today.<\/p>\n

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Pound ended lower after sudden resignation Sunday night of David Davis, who led the UK\u2019s Brexit discussions with the European Union. UK\u2019s foreign minister quit too after Brexit minister David Davis\u2019s resignation in protest at May\u2019s plans to keep close trade ties with the European Union after Britain leaves the bloc.<\/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 higher today.\u00a0Nikkei\u00a0<\/em>gained 0.7% to 22196.89 as yen climb against the dollar continued. Chinese stocks are advancing after report China’s consumer inflation picked up in June: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.4% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.4% higher. Australia\u2019s All Ordinaries Index is down 0.4% as the Australian dollar continues its march higher against the greenback.<\/p>\n

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

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Brent\u00a0<\/a>up on shortage concerns<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are higher today on potential supply shortages concerns after reports hundreds of oil workers in Norway were set to strike later in the day. Prices ended higher Monday over Libya and Venezuela disruptions concerns. September Brent crude settled 1.2% higher at $78.07 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 is back in positive territory for 2018 US stock indices\u00a0added to previous session gains on Monday led by banking shares. The\u00a0S&P 500\u00a0gained 0.9% to 2784.17,.Dow Jones\u00a0industrial rallied 1.3% to 24776.59 closing above the 50-day moving average. The\u00a0Nasdaq\u00a0composite index rose 0.9% to 7756.20. The dollar rebounded:\u00a0live dollar index\u00a0data show the ICE US 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-129808","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129808","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=129808"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129808\/revisions"}],"predecessor-version":[{"id":129817,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129808\/revisions\/129817"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=129808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=129808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=129808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}