{"id":133685,"date":"2018-09-14T06:43:34","date_gmt":"2018-09-14T10:43:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133685"},"modified":"2018-09-14T06:43:34","modified_gmt":"2018-09-14T10:43:34","slug":"sp-500-gains-fourth-straight-session","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/sp-500-gains-fourth-straight-session\/","title":{"rendered":"SP 500 gains fourth straight session"},"content":{"rendered":"
September 14, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakness unabated on inflation miss<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>logged solid gains Thursday as Apple led technology sector rebound. The\u00a0S&P 500\u00a0<\/em>added 0.5% to 2904.18.\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.6% to 26145.99. The\u00a0Nasdaq\u00a0<\/a>composite climbed 0.8% to 8013.71 with Apple jumping 2.4% a day after unveiling its new product lineup. The dollar weakening continued at the same pace as the August consumer price index came in 0.2% higher, compared with an expected 0.3% gain: 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, fell 0.3% to 94.516 and is lower currently. Futures on main stock indices point to higher openings today.<\/p>\n

\"Nasdaq<\/p>\n

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

European stocks\u00a0<\/b>pulled back on Thursday. The European Central Bank (ECB) and Bank of England both left policies unchanged as expected. The\u00a0EUR\/USD\u00a0<\/em>and\u00a0GBP\/USD\u00a0<\/a>advance continued as ECB chief Draghi expressed satisfaction with the trajectory of Eurozone inflation, which was deemed slightly more hawkish than expected. Both pairs are higher currently. The Stoxx Europe 600 index slid 0.2%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>slipped 0.2% to 12055.55. France\u2019s\u00a0CAC 40\u00a0<\/em>ended 0.1% lower and UK\u2019s\u00a0FTSE 100\u00a0<\/em>dropped 0.4% to 7281.57. Indices opened 0.3% – 0.4% higher today<\/p>\n

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Asian indices mostly rise<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are higher today as China welcomed US offer to renew trade talks but warned it would not surrender to US demands.\u00a0Nikkei\u00a0<\/em>ended 1% higher at 23042.83 despite a yen climb against the dollar. Chinese stocks are lower after report fixed asset investment was slowest in 25 years: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.2% lower while Hong Kong\u2019sHang Seng Index\u00a0<\/em>is up 1%. Australia\u2019s All Ordinaries Index rebounded 0.6% despite Australian dollar\u2019s persisting climb against the greenback slowed.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending losses today as Hurricane Florence weakened ahead of its expected landfall on the US East Coast. Prices fell yesterday after the International Energy Agency monthly report showed global supply of crude oil hit a record of 100 million barrels a day in August. Prices ended lower: Brent for November settlement closed 2% lower at $78.18 a barrel on Thursday.<\/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 weakness unabated on inflation miss US stock market\u00a0logged solid gains Thursday as Apple led technology sector rebound. The\u00a0S&P 500\u00a0added 0.5% to 2904.18.\u00a0Dow Jones\u00a0industrial average rose 0.6% to 26145.99. The\u00a0Nasdaq\u00a0composite climbed 0.8% to 8013.71 with Apple jumping 2.4% a day after unveiling its new product lineup. The dollar weakening continued at 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-133685","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133685","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=133685"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133685\/revisions"}],"predecessor-version":[{"id":133689,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133685\/revisions\/133689"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}