{"id":134028,"date":"2018-09-20T06:26:55","date_gmt":"2018-09-20T10:26:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134028"},"modified":"2018-09-20T06:26:55","modified_gmt":"2018-09-20T10:26:55","slug":"us-stocks-edge-higher-on-positive-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/us-stocks-edge-higher-on-positive-data\/","title":{"rendered":"US stocks edge higher on positive data"},"content":{"rendered":"
September 20, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar falls despite narrowing of current account deficit<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>extended gains on Wednesday as more positive data supported market sentiment while technology shares pulled back. The\u00a0S&P 500<\/a>\u00a0added 0.1% to 2907.95 led by financial shares up 1.8%. The\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.6% to 26405.76.\u00a0Nasdaq\u00a0<\/em>composite index however lost 0.1% to 7950.04. The dollar strengthening reversed despite the Bureau of Economic Analysis report US current account deficit fell 17% in the second quarter and hit the lowest level in three years: 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 0.5% to 94.527 and is falling currently. Futures on stock indices point to higher openings today.<\/p>\n

\"DJI<\/p>\n

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European stock markets open flat<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>added to previous session gains on Wednesday. The\u00a0GBP\/USD\u00a0<\/a>ended lower after initial boost following report UK inflation jumped to a six-month high of 2.7%. The\u00a0EUR\/USD\u2019s\u00a0<\/em>climb continued and both pairs are higher currently. The Stoxx Europe 600 rose 0.3%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>gained 0.5% to 1219.02. France\u2019s\u00a0CAC 40\u00a0<\/a>climbed 0.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>ended higher 0.4% at 7330.11. Indices opened flat today<\/p>\n

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

Asian stock indices<\/b>\u00a0are mixed today in cautious trade as trade war concerns linger after President Trump restated the US had \u201cno choice\u201d but to levy another $267 billion in duties on China.\u00a0Nikkei\u00a0<\/em>ended 0.01% higher at 23674.93 as yen turned higher against the dollar. China\u2019s stocks are mixed while Chinese Premier Li Keqiang said on Wednesday that the government will continue to lower import tariffs on some goods: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.1% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 0.3% higher. Australia\u2019s All Ordinaries Index however fell 0.3% with the Australian dollar steady against the greenback.<\/p>\n

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Brent\u00a0<\/a>gains on US inventories fall<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are edging higher today after gains yesterday following the Energy Information Administration report of surprise decline in US crude stockpile. Domestic crude supplies fell by 2.1 million barrels while the American Petroleum Institute on Tuesday reported an increase of 1.25 million barrels. Prices ended higher yesterday: November Brent crude rose 0.5% to $79.40 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 falls despite narrowing of current account deficit US stock market\u00a0extended gains on Wednesday as more positive data supported market sentiment while technology shares pulled back. The\u00a0S&P 500\u00a0added 0.1% to 2907.95 led by financial shares up 1.8%. The\u00a0Dow Jones\u00a0industrial average rose 0.6% to 26405.76.\u00a0Nasdaq\u00a0composite index however lost 0.1% to 7950.04. The dollar strengthening […]<\/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-134028","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134028","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=134028"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134028\/revisions"}],"predecessor-version":[{"id":134033,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134028\/revisions\/134033"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}