{"id":132766,"date":"2018-08-29T06:39:48","date_gmt":"2018-08-29T10:39:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=132766"},"modified":"2018-08-29T06:39:48","modified_gmt":"2018-08-29T10:39:48","slug":"sp-500-nasdaq-close-at-records-for-third-straight-session","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/sp-500-nasdaq-close-at-records-for-third-straight-session\/","title":{"rendered":"SP 500, Nasdaq close at records for third straight session"},"content":{"rendered":"
August 29, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar skid halts<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>rally endured on Tuesday on US-Mexico trade deal optimism despite mixed data. The\u00a0S&P 500\u00a0<\/em>added 0.03% to 2897.52.\u00a0Dow Jones\u00a0<\/em>industrial average gained 0.1% to 26064.02. The\u00a0Nasdaq\u00a0<\/a>composite index climbed 0.2% to 7859.17. The dollar weakening halted virtually: 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, ended 0.04% lower at 94.688 but is higher currently. Stock index futures point to mixed openings today.<\/p>\n

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Monday announcement US reached a preliminary trade deal with Mexico and negotiations with Canada planned to resume today provided the boost to market sentiment which carried the market past its January highs. Economic data were mixed: Conference Board\u2019s index of consumer confidence jumped from 127.9 in July to 133.4 this month, the strongest reading since October 2000. While this index of consumer confidence outperformed its previous post-recession peak of 130 in February, the trade deficit in goods rose 6.3% to $72.2 billion last month from a downwardly revised $67.9 billion in June. And home prices growth slowed in June.<\/p>\n

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

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FTSE 100 opens higher than main European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>pulled back on Tuesday led by Italian and Spanish shares. The\u00a0EUR\/USD\u00a0<\/em>slowed its climb while\u00a0GBP\/USD<\/a>turned lower and both are down currently. The Stoxx Europe 600 inched lower 0.03%. The German\u00a0DAX 30\u00a0<\/a>lost 0.1% to 12527.42. France\u2019s\u00a0CAC 40<\/em>\u00a0however added 0.1% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>climbed 0.5% to 7617.22 after three-day weekend. Markets opened 0.1% – 0.2% higher today.<\/p>\n

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Euro got a support from reports Germany was considering extending financial aid to Turkey to help overcome the lira crisis. Reports indicated Germany wouldn\u2019t offer direct financial aid and was considering alternatives as German policy makers were worried about the spread of financial crisis to euro-zone as Turkey\u2019s economic problems deepen.<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mixed today.\u00a0Nikkei\u00a0<\/em>gained 0.15% to 22848.22 helped by continued yen slide against the dollar. Chinese stocks are falling with no signs of US-China trade dispute resolution in sight as the White House said it wants to settle North American Free Trade Agreement before dealing with China: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.3% while Hong Kong\u2019s\u00a0Hang Seng index\u00a0<\/em>is 0.02% lower. Australia\u2019s All Ordinaries Index added to gains by 0.8 percentage points helped by continued Australian dollar\u2019s slide against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending losses today on expectations of rising US crude stocks. The American Petroleum Institute reported late Tuesday that US crude inventories edged higher by 38 thousand barrels to 405.7 million last week. Prices ended lower yesterday: October Brent lost 0.3% to $75.95 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 Dollar skid halts US stock market\u00a0rally endured on Tuesday on US-Mexico trade deal optimism despite mixed data. The\u00a0S&P 500\u00a0added 0.03% to 2897.52.\u00a0Dow Jones\u00a0industrial average gained 0.1% to 26064.02. The\u00a0Nasdaq\u00a0composite index climbed 0.2% to 7859.17. The dollar weakening halted virtually: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s […]<\/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-132766","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132766","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=132766"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132766\/revisions"}],"predecessor-version":[{"id":132774,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132766\/revisions\/132774"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=132766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=132766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=132766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}