{"id":133626,"date":"2018-09-13T06:30:31","date_gmt":"2018-09-13T10:30:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133626"},"modified":"2018-09-13T06:30:31","modified_gmt":"2018-09-13T10:30:31","slug":"markets-advance-on-us-renewed-trade-talks-offer","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/markets-advance-on-us-renewed-trade-talks-offer\/","title":{"rendered":"Markets advance on US renewed trade talks offer"},"content":{"rendered":"
September 13, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar fall steepens as producer prices decline<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended higher on Wednesday while technology shares pulled back as Apple shares slid after unveiling its new product lineup. Market sentiment was supported by news US offered renewed trade talks with China to stave off tariff war. The\u00a0S&P 500<\/a>\u00a0added 0.04% to 2888.92. The\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.1% to 25998.92.\u00a0Nasdaq\u00a0<\/em>composite index however lost 0.2% to 7954.23. The dollar weakening accelerated as producer prices of US goods and services fell in August for the first time in a year and a half: 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, lost 0.3% to 94.80 but is rising currently. Futures indicate higher openings today.<\/p>\n

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European markets bounce back<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>rebounded on Wednesday. The\u00a0GBP\/USD\u00a0<\/em>joined the\u00a0EUR\/USD\u2019s\u00a0<\/a>climb on news the UK and European Union are preparing for a special summit to sign a deal in November, but both pairs are lower currently. The Stoxx Europe 600 rose 0.5%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>gained 0.5% to 12032.30. France\u2019s\u00a0CAC 40\u00a0<\/a>though declined 0.1% while UK\u2019s\u00a0FTSE 100<\/em>climbed 0.6% to 7313.36.<\/p>\n

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Hang Seng leads Asian indices rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0recovered today after weak start to the week as investors\u2019 risk appetite was boosted by US offer to China to restart trade talks.\u00a0Nikkei\u00a0<\/em>ended 1.1% higher at 22836.86 as yen turned lower against the dollar. China\u2019s stocks are rising after losses three days straight: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 1.6% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 2.4% higher. Australia\u2019s All Ordinaries Index however fell 0.8% as Australian dollar continued climbing against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices\u00a0<\/b>are edging lower today after gains yesterday following the Energy Information Administration report of bigger than expected decline in US crude stockpile. Domestic crude supplies fell by 5.3 million barrels while analysts surveyed by S&P Global Platts had forecast a fall of 2.7 million barrels. Prices ended higher yesterday: November Brent crude rose 0.9% to $79.74 a barrel on Wednesday.<\/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 fall steepens as producer prices decline US stock market\u00a0ended higher on Wednesday while technology shares pulled back as Apple shares slid after unveiling its new product lineup. Market sentiment was supported by news US offered renewed trade talks with China to stave off tariff war. The\u00a0S&P 500\u00a0added 0.04% to 2888.92. The\u00a0Dow Jones\u00a0industrial […]<\/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-133626","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133626","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=133626"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133626\/revisions"}],"predecessor-version":[{"id":133628,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133626\/revisions\/133628"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}