{"id":134090,"date":"2018-09-21T06:55:19","date_gmt":"2018-09-21T10:55:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134090"},"modified":"2018-09-21T06:55:19","modified_gmt":"2018-09-21T10:55:19","slug":"dow-closes-above-january-record","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/dow-closes-above-january-record\/","title":{"rendered":"Dow closes above January record"},"content":{"rendered":"
September 21, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening accelerated despite Dow, SP500 hitting records<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>rally continued on Thursday supported by more positive data and all but two Dow components. The\u00a0S&P 500\u00a0<\/em>added 0.8% to record high 2930.75.\u00a0Dow Jones\u00a0<\/em>industrial average rallied 1% to first record after January at 26656. TheNasdaq\u00a0<\/a>composite climbed 1% to 8028.23. The dollar weakening continued at faster pace despite the report the Philadelphia Fed manufacturing index jumped more than expected in September, rising to 22.9 from 11.9 in August: 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 0.7% to 93.865 and is lower currently. Futures on stock indices point to higher openings today.<\/p>\n

\"DJI<\/p>\n

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

European stocks\u00a0<\/b>extended gains on Thursday led by banking and mining shares. The\u00a0EUR\/USD\u00a0<\/a>rally accelerated andGBP\/USD\u00a0<\/em>joined EUR\/USD\u2019s climb after surprise UK sales gain of 0.3% in August instead of an expected 0.2% decline. It is lower currently while the EUR\/USD advance continues. The Stoxx Europe 600 index rose 0.5%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>advanced 0.9% to 12326.48. France\u2019s\u00a0CAC 40\u00a0<\/em>rallied 1.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.5% to 7367.32. Indices opened 0.2% – 0.6% higher today<\/p>\n

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Chinese stocks lead Asian indices rally<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rebounding today led by Chinese shares.\u00a0Nikkei\u00a0<\/em>ended 0.8% higher at 23869.93 helped by accelerating yen decline against the dollar. Chinese stocks are recovering from multi-day losses after Beijing pledged to accelerate infrastructure spending and issues directives to boost consumption: the\u00a0Shanghai Composite Index\u00a0<\/em>is 2.5% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 1.7%. Australia\u2019s All Ordinaries Index rebounded 0.4% despite Australian dollar\u2019s persisting climb 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 gaining today after a pullback Thursday. Prices ended lower yesterday after President Trump tweeted for the Organization of the Petroleum Exporting Countries to \u201cget prices down now!\u201d: Brent for November settlement closed 0.9% lower at $79.83 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 weakening accelerated despite Dow, SP500 hitting records US stock market\u00a0rally continued on Thursday supported by more positive data and all but two Dow components. The\u00a0S&P 500\u00a0added 0.8% to record high 2930.75.\u00a0Dow Jones\u00a0industrial average rallied 1% to first record after January at 26656. TheNasdaq\u00a0composite climbed 1% to 8028.23. The dollar weakening continued at […]<\/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-134090","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134090","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=134090"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134090\/revisions"}],"predecessor-version":[{"id":134092,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134090\/revisions\/134092"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}