{"id":133951,"date":"2018-09-19T06:44:45","date_gmt":"2018-09-19T10:44:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133951"},"modified":"2018-09-19T06:44:45","modified_gmt":"2018-09-19T10:44:45","slug":"us-market-rebounds-despite-trade-tensions-escalation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/us-market-rebounds-despite-trade-tensions-escalation\/","title":{"rendered":"US market rebounds despite trade tensions escalation"},"content":{"rendered":"
September 19, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as main US stock indices rise<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>recovered on Tuesday from previous day losses despite China\u2019s announcement it will levy tariffs of 5% to 10% on $60 billion worth of US products that will take effect September 24. The\u00a0S&P 500\u00a0<\/em>added 0.5% to 2904.31.\u00a0Dow Jones\u00a0<\/em>industrial average gained 0.7% to 26246.96. The\u00a0Nasdaq\u00a0<\/a>composite index rose 0.8% to 7956.11. The dollar strengthened: 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 1% higher to 94.578 but is lower currently. Futures on stock indices indicate higher openings today.<\/p>\n

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FTSE 100 opens higher than other European markets<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>crawl higher continued on Tuesday. Both the\u00a0EUR\/USD\u00a0<\/a>and the\u00a0GBP\/USD\u00a0<\/em>turned lower but both pairs are rising currently. The Stoxx Europe 600 added 0.1%. The German\u00a0DAX 30\u00a0<\/a>rose 0.5% to 12157.67. France\u2019s\u00a0CAC 40<\/em>\u00a0gained 0.3% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>slid 0.03% to 7300.23. Indices opened flat to 0.1% higher today<\/p>\n

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NIKKEI leads Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0extended gains today despite China\u2019s retaliation to President Trump\u2019s order to impose tariffs on additional $200 billion of Chinese imports going into effect next week.\u00a0Nikkei\u00a0<\/em>jumped 1.6% to 23804.65 with yen little changed against the dollar as Bank of Japan vowed to keep rates very low for an \u2018extended period\u2019. Chinese stocks are firmly higher: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 1.2% and Hong Kong\u2019s\u00a0Hang Seng index\u00a0<\/em>is 1.4% higher. Australia\u2019s All Ordinaries Index added 0.5% despite Australian dollar\u2019s climb against the greenback.<\/p>\n

\"NIKKEI<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending gains today. Prices rose yesterday after comments by Saudi Arabian officials indicated Saudi Arabia, the world\u2019s largest oil exporter, was comfortable with prices climbing above $80 a barrel. And the American Petroleum Institute reported late Tuesday that US crude inventories rose by 1.249 million barrels last week. Prices ended higher yesterday: November Brent rose 1.3% to $79.03 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 strengthens as main US stock indices rise US stock market\u00a0recovered on Tuesday from previous day losses despite China\u2019s announcement it will levy tariffs of 5% to 10% on $60 billion worth of US products that will take effect September 24. The\u00a0S&P 500\u00a0added 0.5% to 2904.31.\u00a0Dow Jones\u00a0industrial average gained 0.7% to 26246.96. The\u00a0Nasdaq\u00a0composite […]<\/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-133951","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133951","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=133951"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133951\/revisions"}],"predecessor-version":[{"id":133956,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133951\/revisions\/133956"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}