{"id":131958,"date":"2018-08-15T06:49:49","date_gmt":"2018-08-15T10:49:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=131958"},"modified":"2018-08-15T06:49:49","modified_gmt":"2018-08-15T10:49:49","slug":"us-stocks-rebound-as-turkish-lira-stabilizes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/us-stocks-rebound-as-turkish-lira-stabilizes\/","title":{"rendered":"US stocks rebound as Turkish lira stabilizes"},"content":{"rendered":"
August 15, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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S&P 500 halts 4-session skid<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>rebounded on Tuesday. The\u00a0S&P 500\u00a0<\/em>gained 0.6% to 2839.96.\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.5% to 25299.92. The\u00a0Nasdaq\u00a0<\/a>composite index climbed 0.7% to 7821.93. The dollar strengthening resumed: the\u00a0live dollar index<\/a>data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, gained 0.4% to 96.637 and is higher currently. Stock index futures indicate lower openings today.<\/p>\n

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Positive economic data also supported market sentiment: the National Federation of Independent Business\u2019 small-business optimism index rose 0.7 points in July to 107.9, its second-highest level in history since 1983. The annual rate of increase in cost of imported goods jumped to 4.8%, the highest level since February 2012. And import prices, excluding fuel, rose 1.3%. over year in July.<\/p>\n<\/div>\n<\/div>\n

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DAX 30 opens higher than main European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>ended virtually unchanged on Tuesday with investors concerned about the course of Turkey\u2019s currency crisis. Both\u00a0GBP\/USD<\/a><\/em>\u00a0and\u00a0EUR\/USD<\/em>\u00a0resumed their slide and both are down currently. The Stoxx Europe 600 gained less than a point to 384.92. The German\u00a0DAX 30\u00a0<\/a>ended flat at 12358.87. France\u2019s\u00a0CAC 40<\/em>\u00a0slid 0.2% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>lost 0.7% to 7718.48. Markets opened 0.1 % – 0.4% higher today.<\/p>\n

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In Europe too positive economic reports soothed concerns about Turkey\u2019s lira crisis impact on EU economy: Germany\u2019s economy accelerated in the second quarter, growing 0.5% after upwardly revised 0.4% expansion in the first three months of 2018. And unemployment rate in the UK in the three months through June declined to 4%, its lowest level since the mid-1970s.<\/p>\n<\/div>\n<\/div>\n

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Chinese shares lead Asian indices losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today.\u00a0Nikkei\u00a0<\/em>pulled back 0.7% to 22204.22 despite continued yen slide against the dollar. Chinese stocks are falling despite 383bln yuan injection by People\u2019s Bank of China: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 2.6% and Hong Kong\u2019s\u00a0Hang Seng ndex\u00a0<\/em>is 1.6% lower as China’s commerce ministry said a US decision to subsidize renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests. Australia\u2019s All Ordinaries Index is up however 0.5% helped by Australian dollar\u2019s continuing slide against the greenback.<\/p>\n

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

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Brent\u00a0<\/a>lower on expected US crude stocks build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are down today on expectations of rising US crude stocks ahead of sanctions on Iran. The American Petroleum Institute reported late Tuesday that US crude inventories rose 3.66 million barrels to last week. Prices ended lower yesterday: October Brent slipped 0.2% to $72.46 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 S&P 500 halts 4-session skid US stock market\u00a0rebounded on Tuesday. The\u00a0S&P 500\u00a0gained 0.6% to 2839.96.\u00a0Dow Jones\u00a0industrial average rose 0.5% to 25299.92. The\u00a0Nasdaq\u00a0composite index climbed 0.7% to 7821.93. The dollar strengthening resumed: the\u00a0live dollar indexdata show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, […]<\/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-131958","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131958","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=131958"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131958\/revisions"}],"predecessor-version":[{"id":131964,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131958\/revisions\/131964"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=131958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=131958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=131958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}