{"id":133570,"date":"2018-09-12T06:36:27","date_gmt":"2018-09-12T10:36:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133570"},"modified":"2018-09-12T06:36:27","modified_gmt":"2018-09-12T10:36:27","slug":"tech-shares-lead-us-market-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/tech-shares-lead-us-market-higher\/","title":{"rendered":"Tech shares lead US market higher"},"content":{"rendered":"
September 12, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as US budget deficit doubles<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>extended gains on Tuesday led by technology and telecom shares. The\u00a0S&P 500\u00a0<\/em>added 0.4% to 2887.89.Dow Jones\u00a0<\/em>industrial average gained 0.4% to 25971.06. The\u00a0Nasdaq\u00a0<\/a>composite index rose 0.6% to 7972.47. The dollar weakening persisted as the US budget deficit nearly doubled in August relative to the same period a year ago: 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, edged 0.03% lower to 95.08 but is higher currently. Futures on three main US stock indices point to higher openings today.<\/p>\n

\"DJI<\/p>\n

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CAC 40 opens higher than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>pulled back on Tuesday. The\u00a0EUR\/USD\u00a0<\/em>extended gains as Germany\u2019s ZEW survey of economic expectations rose for the second straight month while the\u00a0GBP\/USD\u00a0<\/a>turned lower and both pairs are down currently. The Stoxx Europe 600 lost 0.1%. The German\u00a0DAX 30\u00a0<\/a>slipped 0.1% to 11970.27. France\u2019s\u00a0CAC 40<\/em>\u00a0though gained 0.3% while UK\u2019sFTSE 100\u00a0<\/em>slid 0.1% to 7273.54. Indices opened 0.1% – 0.3% higher today<\/p>\n

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Asian indices retreat continues<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0extended losses today after news China has appealed to the World Trade Organization for permission to impose sanctions against the US for Washington\u2019s noncompliance with a ruling over US dumping duties in a 2013 dispute.\u00a0Nikkei\u00a0<\/em>lost 0.3% to 22604.61 as yen turned higher against the dollar. Chinese stocks are falling: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.4% and Hong Kong\u2019s\u00a0Hang Seng index\u00a0<\/em>is 0.4% lower. Australia\u2019s All Ordinaries Index fell 0.1% despite Australian dollar\u2019s slide against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are lower today. Prices jumped yesterday on reports US government lowered its forecasts for domestic production. And the American Petroleum Institute reported late Tuesday that US crude inventories fell by 8.6 million barrels to 395.9 million last week. Prices ended sharply higher yesterday: November Brent rose 2.2% to $79.06 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 weakens as US budget deficit doubles US stock market\u00a0extended gains on Tuesday led by technology and telecom shares. The\u00a0S&P 500\u00a0added 0.4% to 2887.89.Dow Jones\u00a0industrial average gained 0.4% to 25971.06. The\u00a0Nasdaq\u00a0composite index rose 0.6% to 7972.47. The dollar weakening persisted as the US budget deficit nearly doubled in August relative to the same […]<\/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-133570","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133570","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=133570"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133570\/revisions"}],"predecessor-version":[{"id":133578,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133570\/revisions\/133578"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}