{"id":133854,"date":"2018-09-17T06:29:31","date_gmt":"2018-09-17T10:29:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133854"},"modified":"2018-09-17T06:29:31","modified_gmt":"2018-09-17T10:29:31","slug":"sp-500-logs-5th-gain-in-a-row","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/sp-500-logs-5th-gain-in-a-row\/","title":{"rendered":"SP 500 logs 5th gain in a row"},"content":{"rendered":"
September 17, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar rebounds on industrial output beat<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended marginally higher on Friday despite reports President Trump instructed officials to proceed with tariffs on $200 billion of Chinese goods.\u00a0S&P 500<\/a>\u00a0added 0.03% to 2904.98, closing 1.2% higher for the week.\u00a0Dow Jones<\/em>industrial average inched up 0.03% to 26154.67. The\u00a0Nasdaq\u00a0<\/em>however slipped 0.05% to 8010.04. The dollar strengthening resumed as industrial production beat the 0.3% forecast for August, expanding 0.4% on month: 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, jumped 0.5% to 94.95 but is lower currently. Futures indicate lower openings today.<\/p>\n

\"SP500<\/p>\n

\n
\n

DAX 30 opens lower than other European markets<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>recovered on Friday though gains were limited by losses in financial sector. Both the\u00a0GBP\/USD<\/em>\u00a0andEUR\/USD\u00a0<\/a>turned lower but both pairs are higher currently. The Stoxx Europe 600 Index added 0.2%, booking 2.% gain for the week. The\u00a0DAX 30\u00a0<\/em>rose 0.6% to 12124.33. France\u2019s\u00a0CAC 40\u00a0<\/em>gained 0.5% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>added 0.3% to 7304.04. Indices opened down to flat today<\/p>\n

\n
\n

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

Asian stock indices<\/b>\u00a0are mostly lower today after reports overnight China may decline an offer for renewed trade talks with the US if President Donald Trump carries out his threat to impose an additional $200 billion in tariffs on Chinese goods. Japanese markets are closed for a holiday. Chinese stocks are falling after a Chinese official comment \u201cChina is not going to negotiate with a gun pointed to its head\u201d: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 1.1% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 1.4% lower. Australia\u2019s All Ordinaries Index though is up 0.3% despit the Australian dollar turn higher against the greenback.<\/p>\n

\n
\n

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

Brent futures prices\u00a0<\/b>are inching higher today ahead of Iran sanctions. Prices rose Friday as services firm Baker Hughes reported the number of US oil drilling rigs in operation rose by 7 to 867 last week: Brent for November settlement slid 0.1% to close at $78.09 a barrel Friday, rising 1.8% for the week.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 rebounds on industrial output beat US stock market\u00a0ended marginally higher on Friday despite reports President Trump instructed officials to proceed with tariffs on $200 billion of Chinese goods.\u00a0S&P 500\u00a0added 0.03% to 2904.98, closing 1.2% higher for the week.\u00a0Dow Jonesindustrial average inched up 0.03% to 26154.67. The\u00a0Nasdaq\u00a0however slipped 0.05% to 8010.04. The dollar […]<\/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-133854","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133854","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=133854"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133854\/revisions"}],"predecessor-version":[{"id":133856,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133854\/revisions\/133856"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}