{"id":131460,"date":"2018-08-06T06:53:03","date_gmt":"2018-08-06T10:53:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=131460"},"modified":"2018-08-06T06:53:03","modified_gmt":"2018-08-06T10:53:03","slug":"us-stocks-advance-despite-weaker-than-expected-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/us-stocks-advance-despite-weaker-than-expected-jobs-report\/","title":{"rendered":"US stocks advance despite weaker-than-expected jobs report"},"content":{"rendered":"
August 6, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP500 logs second consecutive weekly gain<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>extended gains Friday on strong earnings reports.\u00a0S&P 500<\/a>\u00a0rose 0.5% to 2840.35, ending 0.8% higher for the week.\u00a0Dow Jones\u00a0<\/em>industrial average gained 0.5% to 25462.58. The\u00a0Nasdaq\u00a0<\/em>added 0.1% to 7812.01. The dollar continued strengthening despite a smaller than expected rise in nonfarm payrolls by 157,000 in July: 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, inched up less than 0.1% to 95.142 and is higher currently. Stock index futures point to mixed openings today.<\/p>\n

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

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European stocks snap four-week gains<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>recovered on Friday led by technology shares lifted by Apple\u2019s rally Thursday. Both the\u00a0British Pound<\/em>\u00a0andeuro\u00a0<\/em>extended losses against the dollar and both currencies are lower currently. The Stoxx Europe 600 Index gained 0.7%, ending 0.7% lower for the week. The\u00a0DAX 30\u00a0<\/em>rose 0.6% to 12615.76. France\u2019s\u00a0CAC 40\u00a0<\/em>added 0.3% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>gained 1.1% to 7659.10. Indices opened flat to 0.2% higher today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are mixed today after China\u2019s finance ministry announced Friday new sets of additional tariffs on 5,207 goods imported from the United States worth $60 billion.\u00a0Nikkei\u00a0<\/em>lost 0.1% to 22507.32 despite the yen turn lower against the dollar. Chinese stocks are mixed as China\u2019s central bank set reserve requirement ratio of 20% for financial institutions settling foreign exchange forward dollar sales to clients: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 1.3% while Hong Kong\u2019sHang Seng\u00a0<\/em>Index is 0.4% higher. Australia\u2019s All Ordinaries Index is up 0.6% asthe Australian dollar turned lower against the greenback.<\/p>\n

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Brent\u00a0<\/a>gains on surprise Saudi Arabia output dip<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are inching higher today after Saudi Arabia data showing it pumped around 10.29 million barrels per day (bpd) of crude in July, down about 200,000 bpd from a month earlier. Prices fell Friday on signs of rising global supplies: Brent for October settlement lost 0.3% to close at $73.21 a barrel Friday, ending 2.1% lower for the week.<\/p>\n

Market 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 SP500 logs second consecutive weekly gain US stock market\u00a0extended gains Friday on strong earnings reports.\u00a0S&P 500\u00a0rose 0.5% to 2840.35, ending 0.8% higher for the week.\u00a0Dow Jones\u00a0industrial average gained 0.5% to 25462.58. The\u00a0Nasdaq\u00a0added 0.1% to 7812.01. The dollar continued strengthening despite a smaller than expected rise in nonfarm payrolls by 157,000 in July: the\u00a0live […]<\/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-131460","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131460","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=131460"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131460\/revisions"}],"predecessor-version":[{"id":131465,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131460\/revisions\/131465"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=131460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=131460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=131460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}